quesLimitation Act on PMRY loan recovery

Availed a loan of Rs.82000/- under PMRY and paid 17000/-/ Balance amt + interest (Total 76000/-)was written off in Oct 2008. Unknowingly I paid 7500/- in 2009 as was not aware of written off status. My current condition is not good, I orally offered 35000 the best but they insist on 70000. The recovery persons are now harassing for court action.

  • ansThe claim has already become time barred. Ask the recovery agent to go to Court, if they still disturb you, lodge a police complaint against them.

  • 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 Recovery Lawyers at LawRato.com to address the specific facts and details. You may post your specific query based on your facts and details to get a response from one of the Lawyers at LawRato.com or book a Detailed Consultation with a Lawyer of your choice to address your query in detail.
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