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If Not Able to Pay PL Or Business Loan As Lose In Business
16-Aug-2023 (In Banking / Finance Law)
If Not Able to Pay PL Or Business Loan As Lose In Business what will action taken by debitors what remindes can be take from liagal action
The creditors may file a suit attaching your assets for recovery of their dues. If your loan is declared as an NPA, it will be reported to CIBIL. It is better to negotiate with your creditors and seek an honourable settlement.
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Adv. Swaminathan Neelakantan
Coimbatore | 400+ Answers
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