Legal Question in Banking Law in India
I am working in a central co-operative bank in west bengal.i have a staff loan of rs 11 lakh.i got a govt job.i want to quit from bank but unable to repay full amount at a time.bank authority is not ready to leave me untill i repay full loan amount.what can i do ?
Asked on 10/19/11, 12:51 pm
2 Answers from Attorneys
J. Radhakrishnan
independent Practice
Give resignation letter to the co.operative Bank and join the Govt. service. If the co.operative bank refuses relief certificate, you can file a writ petition against them in the High court. You can also give a letter to the co.operative bank to adjust your gratuity and provident fund dues towards the staff loan and provide a repayment schedule for payment of the balance.
Answered on 10/19/11, 6:29 pm
Aniruddha Pawse
Aniruddha.P.Pawse Advocates
if you can avail balance amount of loan due from somewhere else you may take it & repay the same
Answered on 10/20/11, 6:08 am
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