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Debt recovry notice by bank plz give suitable advice
16-Aug-2023 (In Recovery Law)
My bro had taken bussiness loan 3yr ago....without telling anyone at home..now bank file debt recovry case against him.there is a final notice that if don't pay the debt kurki order would be passed..so my question is that if kurki order passes thn bnk only seal his machinery or bnk has right to seal our property as we r undivived family .all poperty are in the name of father.as we r not involved in any loan process how we defend ourself
46+
Adv. Rajat Joseph
Delhi | 200+ Answers
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Yes you can write to the bank if the property was mortgaged that it does not only belong to your brother.
27+
Adv. Vanshdeep Dalmia
Delhi | 100+ Answers
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