Unsecured loan

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

23 August 2013 A unsecured loan was taken from promoter director...now the director is dead.What would be the consquence

Ajay Mishra (Expert)
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23 August 2013 Hi

No consequences, you return the amount as per agreement to his/her legal heir.

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Querist : Anonymous

Querist : Anonymous (Querist)

24 August 2013 No Agreement Sir,, what we should do now?

Ajay Mishra (Expert)
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24 August 2013 If you don't have any agreement, then, as and when the company decide to pay such loan then return it with his legal heir.

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Querist : Anonymous

Querist : Anonymous (Querist)

24 August 2013 Thanks for ur reply

Ajay Mishra (Expert)
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24 August 2013 My pleasure.........

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