DRT Case Filed by the Bank and notice has been issued to us
1 year ago
We have been in financial crisis from some time a, though our business prior to Covid was good but post we couldnt recover and now we are managing to remain afloat. From PNB , we took an OD for Rs.14Lakhs and Rs.6.32 Lakhs against total sanction loan under Startup India for Rs.25 Lakhs and we pledged our only asset worth Rs. 45 Lakhs in Ghaziabad . Now we cant aford to and dont know how to manage notice and file appeal to allow us to sell our asset and pay back amount , which bank agreed for Rs.20.71 Lakhs in Feb-March 2022 and now they have raised a demand for Rs.28 Lakhs . Need help as we are managing others also to pay . If any one can help us , it will be great in such difficult times for us .
A.Dear Sir,
You have to barrow time from the DRT and thus prolong the matter. You cannot be dissolved from liability and the more delay you may cause you have to pay more interest. The DRT is more concerned with the public amounts rather than individual barrowers difficulties.
You have to barrow time from the DRT and thus prolong the matter. You cannot be dissolved from liability and the more delay you may cause you have to pay more interest. The DRT is more concerned with the public amounts rather than individual barrowers difficulties.
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