04 January 2012
QUESTION IS NOT CLEAR.YOU DONT HAVE TO GO TO COURT FOR TAKING LOAN.IT IS FOR THE RECOVERY OF LOAN YOU HAVE TAKEN/ADVANCED. THE LOAN GIVER (IE. BANK/SOCIETY) WILL FILE RECOVERY SUIT WITH FOLLOWING DOCS. LOAN AGREEMENT.PRO-NOTE,SURETY- BOND,LOAN A/C EXTRACT,NOTICE ISSUED TO BORROWERS/SURETIES,ORIGINAL LOAN APPLICTION.AND ANY OTHER DOCUMENT EXECUTED BY BORROWERS/SURETIES.(FOR EXM.=MORTGAGE DEED,LETTER OF SET-OFF,).
CAclubindia
