Legal Question in Credit and Debt Law in India

if i sale a mechinery on a loan basis wahat are the requirement that i have to take from the customer as a security?


Asked on 6/07/11, 11:56 pm

2 Answers from Attorneys
KarVai Legal Solutions Rajiv Gupta 9811284735 Ch.No: 359, Western Wing, Tis Hazari, Delhi www.karvai.in

one way is hire purchase

the same way we buy cars and electronics

if he will not pay the loan u can recover your machinery back .

if u dont want this than ask the customer what a customer can give as a security

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Answered on 6/08/11, 12:11 am
Professor SOMNATH MUKHERJEE MUKHERJEE ASSOCIATES(Cell +91 9874753359/ 9477781578)

you have to take make an agreement according to hire purchase act

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Answered on 6/08/11, 7:30 am


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