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Recovery of loan without collateral for PVT LTD Company


27-Jun-2023 (In Recovery Law)
If a private limited takes a bank loan without any collateral, and is not able to repay it, what's the consequence or how is the bank legally entitled to recover the lent amount?
Answers (1)

Answer #1
774 votes
The bank can have right to recover amount ..they send notice or can paper publish or they can file debt recovery suit against who had took lend ..? Iff you have to take time to repay that amount should contact any advocate counsel

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