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Took education loan could not give one instalment bank declared NPA


06-Oct-2023 (In Recovery Law)
Dear sir I have taken education loan from sbi 1,20000 rs. In 2012 -2015 i could not pay emi so bank declared my account NPA and suit recovery case against me. i cannot pay one time all amount but now i am able to pay in installement 8k per month what can i do and who will solve. My matter.
Answers (1)

Answer #1
689 votes
You should hire a lawyer and go to the court on date. With a reply drafted by your lawyer stating the same and get your matter referred to mediation
If the bank representatives is positive, the court can pass orders for payment in instalments
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