I need support from legal expert based at Patna Bihar.
During 1999 the 2 directors of private limited company had siphoned off bank loan fund to purchase residential land in their personal name. Subsequently the bank loan of said company was categorized as NPA and referred to DRT Patna on 26-11-2001.
Bank is not interested in to take follow up for such old NPA. It seems DRT Patna too is not interested in to pursue for such old case. That is, no one is interested in to recover the outstanding bank loan amount from the Wilful Defaulters.
I want to take corrective actions to clear the bank outstanding.
I need support from legal expert for how to proceed ahead with such long delayed case of siphoning off bank term loan fund for individual benefits and where bank & DRT Patna both are not much keen to recover the bank loan outstanding.
Please PM me your suggestions so that I can explain more about my situations & requirements.
CAclubindia
