Legal Question in Banking Law in India
a student dies after course completion without repaying his study bank loan what happens now
Asked on 2/25/11, 10:31 am
1 Answer from Attorneys
J. Radhakrishnan
independent Practice
The bank can proceed against the guarantor, if any and the legal heirs of the deceased student borrower, if they have any assets of the deceased in their hands. If none is there, the bank will write off the loan.
Answered on 2/26/11, 7:44 am
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