How to settle a loan if there is a case on me for being loan defaulter
23-Apr-2023 (In Banking / Finance Law)
KCC Loan defaulter with SBI,I want to settle the loan. Bt now it's in court. kindly suggest.
If the case is already in court then you will need to get in touch with the counsel on record for the Bank and attempt to negotiate a settlement. If the other side is unwilling to listen to you, then you could make a submission before the judge that you would like to settle the loan and the judge may take the initiative to instruct the other side to negotiate with you.
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