LawRato

Clarification on the bank loan taken


25-Oct-2023 (In Banking / Finance Law)
Respected Sir, I would like to clarify the issue on bank loan which was taken by my father for my brother as study loan, To get this loan we submit a property document and they accepted issued approved letter. My question is the bank is asking for land conversion letter from MRO and after all, formalities were done and my brother also left India. Can you please suggest me legally how to proceed. Thank You
Answers (1)

Answer #1
867 votes
You can lodge a complaint with Bank Regional Manager or high authorities of bank. If no response received in 30 days, then you can approach Banking Ombudsman with your grievances within the jurisdiction branch comes under. Best of luck

Disclaimer: The response to your query is general in nature not a legal advice neither intends to provide solutions to an individual problem. The response will not create any attorney-client relationship. Readers are cautioned not to attempt to solve individual problems on the basis of information contained herein and are strongly advised to seek competent legal counsel in the relevant jurisdiction. The firm, its advocates and staff are not liable for any consequence of any action taken by the readers relying on information provided herein. The firm expressly disclaims all liability in respect of actions taken or not taken based on any contents of this page.

Disclaimer: The above query and its response is NOT a legal opinion in any way whatsoever as this is based on the information shared by the person posting the query at lawrato.com and has been responded by one of the Divorce Lawyers at lawrato.com to address the specific facts and details.

Report abuse?

Comments by Users

No Comments! Be the first one to comment.

"lawrato.com has handpicked some of the best Legal Experts in the country to help you get practical Legal Advice & help."