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Banking »Posted 15 Mar 2019

legal question Personal Loan: Date of sanctioned :21.07.2014
NPA date:30-06-2017
EMI :Rs 8600/-
Last credit to loan account: Rs 6500 on 13.10.2015

Is this loan Time barred as of 11-03-2019

legal answer from lawyer E00002087Now the bank will give you notice and also give one chance to settle the issue. In absence of such compliance may proceed legal to acquisition of property in mortgage.
To know in detail you may contact with me getting my information from the site.
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Shailesh Kumar
A High Court Lawyer



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