A person has taken a student loan 3 years before, and he?
The most important thing here is whether his course of study has been completed and the moratorium period has expired. If yes, in both cases, then the bank can sue the sureties as well as the Borrower for non payment. If the moratorium period still is in force ,then the bank has to wait till it's over. The interest during the study tenure and moratorium period is payable aw and when debited. If the same has not been done the bank can proceed to recover that after 90 days of default.