Legal remedies as loan under CGTMSE marked NPA & bank sent notice

I had taken a bank loan from PSU under CGTMSE. It has been marked as NPA by bank recently. Bank has issued notice. I want to reply them. I want to file case against bank as it was responsible for failure of my business. Bank abuses me and threatened to do illegal activities.

Answers (1)


In this case you have to comply with the provisions of sarfaesi act and rules thereunder to make representation about your facts.

Please contact us with details of your case and under which provision the bank has issued notice please specify

Googling your legal issue online?

The internet is not a lawyer and neither are you.
Talk to a real lawyer about your legal issue.

Popular Banking / Finance Lawyers

Advocate Harish Malhotra
District Court, Gurgaon
22 years Experience
Advocate Shikhar Khare
Jangpura Extension, Delhi
6 years Experience
Advocate R.K. Gupta
Goyal Vihar, Indore
19 years Experience
Advocate Sunil Dalal
New Friends Colony, Delhi
22 years Experience

Related Articles

" has handpicked some of the best Legal Experts in the country to help you get practical Legal Advice & help."

Disclaimer: The above query and its response is NOT a legal opinion in any way whatsoever as this is based on the information shared by the person posting the query at and has been responded by one of the Banking / Finance Lawyers at to address the specific facts and details. You may post your specific query based on your facts and details to get a response from one of the Lawyers at or book a Detailed Consultation with a Lawyer of your choice to address your query in detail.

Similar questions

Dear Advocate, Greetings! I holding liabilities from ICICI BANK &HDFC BANK around 500K. At the moment I’m unable to pay the EMIS due which t…

Read More

we took rs 2 lakh loan through kisan credit card in oct 16 from sbi bank. in kisan credit card scheme we have to pay 7%intrest rate and after that ban…

Read More

CIBIL published my wrong report with mentioning bank dues on me while I never been engaged with those bank accounts. I requested them to provide me pr…

Read More

We are 2 brothers. My mom staying with me. She has some fixed deposits in bank. She nominated me. Recently she was admitted to hospital. I incurred me…

Read More

Talk to a lawyer for your legal issue