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Bank filed a recovery suit under section 9 of cpc


05-Mar-2023 (In Banking / Finance Law)
I have cc/od account in a nationalised bank in mumbai, monthly interest has been paid without fail, but still bank has filed a recovery suit in civil court
Answers (1)

Answer #1
813 votes
My best advise is you can approach the Legal Services Authority of India, situated in all the states. They will engage a lawyer for you can fight out the matter. You can also meet the bank and request for reduction and waiver of interest if you are willing to settle the smaller loans immediately, thereby most of your worries will be over.

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