Legal Question in Banking Law in India
what are the remedies available incase a Company defualts in the payment of loan.
Asked on 5/06/12, 11:31 am
2 Answers from Attorneys
ranganathan raghavachari
R.Ranganathan & Associates
You have to take legal action against the company for the recovery of the loan.
Answered on 5/06/12, 12:37 pm
Sanjay Kalra
Sanjay Kalra & Associates
Winding up petition before the company's court is the quickest and sure shot remedy.
Answered on 5/06/12, 9:53 pm
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