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Provident Fund and Gratuity are exempted from attachment as per section 60 of Civil Procedure Code. Therefore, they cannot be attached under any circumstances. In the present case, Banker can recover the loan amount from the assets of the deceased, if any. Legal heirs are not personally liable to pay the due amount to the bank.
N.LOKANADHA BABU, MANAGER-HR
From India, Guntur
N.LOKANADHA BABU, MANAGER-HR
From India, Guntur
Provident Fund and Gratuity are exempted from attachement as per section 60 of Civil Procedure Code. Therefore, they cannot be attached under any circumstances. In the present case Banker can recover the loan from the assests of the deceased, if any. Legal heirs are not personally liable for the debts of the deceased.
N.LOKANADHA BABU,
MANAGER-HR
From India, Guntur
N.LOKANADHA BABU,
MANAGER-HR
From India, Guntur
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