My father took 50,000 micro pradhan manthri mudhra loan without any property and now he died previous month without repaying,
Situation : My father took 50,000 micro pradhan manthri mudhra loan without any property surity and now he died previous month without repaying and i dnt have money to repay , bank maneger is going to court ..what will be legal problems may i face...is there any soloution to stay without repaying
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You have to contest the case saying that your father not left any assets as such you are not legally liable to pay such loan. Further the said loans will be advanced with an understanding that on the death of borrower the said loan will be treated as either waived off or written off. Your success depends upon effects made by your advocate.
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