What Is The Procedure In Case Unable To Pay A Personal Loan?
What is the procedure in case unable to pay a personal loan?
Free Legal Advice - civil law
Posted by: Sachin Panwar
Posted on: 2018-08-27
If a personal loan has been availed and are unable to repay the same in that case, the finance company needs to file recovery proceedings and obtain an order for recovery from the concerned authority. Only then are they eligible to recover the said amount.
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