Legal Question in Banking Law in India
How many years a Bank can treat a loan account as NPA?
Asked on 6/05/11, 4:28 am
2 Answers from Attorneys
Professor SOMNATH MUKHERJEE
MUKHERJEE ASSOCIATES(Cell +91 9874753359/ 9477781578)
there is no type of limitation. if there no possibility of returning the loan then the bank can do after informing you.for details conct with 9874753359
Answered on 6/05/11, 4:44 am
KarVai Legal Solutions
Rajiv Gupta 9811284735 Ch.No: 359, Western Wing, Tis Hazari, Delhi www.karvai.in
yes there is no limitataion
the possibility of recovery and banks own policies and status decd regarding it even the amount also .so no fixed criteria
Answered on 6/07/11, 12:08 am
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