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Personal loan default bank issuing legal notice under section 17
09-Aug-2023 (In Banking / Finance Law)
Can a bank send legal notice under section 17 for a loan which is 90 days past due
hi
it is unclear from your query under which law you have received notice.
if there's 90 days default, then your account has been classified as NPA.
then as per sarfaesi act bank can issue notice under section 13(2) for demand for entire outstanding.
it is unclear from your query under which law you have received notice.
if there's 90 days default, then your account has been classified as NPA.
then as per sarfaesi act bank can issue notice under section 13(2) for demand for entire outstanding.
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Adv. Rohit Shaligram
Pune | 500+ Answers
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