Unsecured loan
This query is : Open
10 March 2012
CAN A SHAREHOLDER SUE A PVT COMPANY FOR NON PAYMENT OF INTEREST ON UNSECURED LOAN?
10 March 2012
If a formal loan agreement was entered and the agreement provided for payment of interest on loan, then the lender can take action agaisnt the company.
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12 March 2012
Dear Mr Bhardwaj,
No loan agreement were executed and no lending members were paid any interest over the years due to inadequate profits.
Can a member still claim rights to interest
No loan agreement were executed and no lending members were paid any interest over the years due to inadequate profits.
Can a member still claim rights to interest
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