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Anonymous

MY FATHER TOOK A CC LIMIT LOAN NAMED A FIRM , WHICH PROPRIETOR MY MOTHER SO MY FATHER TAKE A LOAN AS MY MOTHER NAME WHICH A CC LOAN AGAINST GOOD , MY FATHER MANAGE THAT BUSINESS 3 YEAR AGO MY FATHER D

Posted 8 months ago


A. What security was provided for the CC limit. If was just the stock in trade then you can relax as bank will not take away your property but if any extra security like property was provided or personal guarantee of your mother was taken then bank might go for SARFAESI and file case in DRT for recovery.
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