I took an education loan from SBI Bank. I'm currently preparing for bank and government exams, so I'm unable to repay the loan. The bank has sent a legal notice from a lawyer, demanding repayment within 10 days. Should I send a reply notice to the bank or

You can file a civil suit in a Mumbai court for recovery of the dues. You can base your claim on the breach of contract and failure to pay. To prevent such situations, include clear payment terms in contracts and consider legal recourse promptly after default. The duration of the case depends on various factors, and while interest may be awarded, compensation beyond the principal amount is subject to legal discretion.