Legal Question in Wills and Trusts in India

my father took a loan for business. he also insured the business property. due to flood the raw materials got wasted. the bank didnot informed us regarding the payment of bank loan. now they want to settele it down on their wished amount. please help. how can i waive of the loan amount to a minimum.


Asked on 2/12/12, 6:27 am

2 Answer from Attorneys

Bank can recover the loan from the person or from his property who took the loan and the bank loan is secured so I suggest to settleamicably and u may file civil suit

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Answered on 2/12/12, 6:39 am


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