Legal Question in Banking Law in India
what is the validity of stamp paper which was given to a person for borrowing the money from him
Asked on 11/17/09, 11:21 am
3 Answers from Attorneys
Seshadri Srinivasan
www.lawconcern.com
Depends on loan value.
Answered on 11/17/09, 7:38 pm
J. Radhakrishnan
independent Practice
It should be of sufficient value for the amount mentioned in the document and it should be used within six months from the date of its purchase
Answered on 11/17/09, 9:06 pm
RAJIV GUPTA
(Cell: +91 9811284735) [email protected]
in case the stamp paper was duly executed, it carries a good value and recovery can be made on the basis of stamp paper considering it as a loan agreement.
Answered on 11/18/09, 2:02 am
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