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Job left with loan outstanding


04-Mar-2023 (In Banking / Finance Law)
Sir, i left job from a private limited company suddenly with some force of that management only due to my personal issue, they thought that it would effect to company so they asked to resign me. (only personal issue not company related issue) But point is now there was a some loan taken in company now they send me formal loan outstanding detail (something fishy in calculation of course ), anyhow i have never signed on a agreement or on any paper or anywhere that i have taken loam, but there is a direct transfer from organisation account same as salary credit, Now my query is there any chance that they can go for legal? If they do what proof they may show or in which way they can produce?
Answers (1)

Answer #1
794 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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