90,000+ Legal Questions Answered
Vehicle. Given on. Instalment. for 48 month
5 years ago
The person who has take veh is not paid. 3 instalment
A.Dear Sir,
What documents you have. You have not right to given such installment facility. Get some blank cheque or Promissory note.
What documents you have. You have not right to given such installment facility. Get some blank cheque or Promissory note.
Helpful
Helpful
Share
Ambrose Leo
Responded 5 years ago
A.Issue notice and enforce the terms & conditions of installment quickly.If need consult a lawyer to draft legal notice for recoveries of unpaid installment quickly.
Helpful
Helpful
Share
NILANJAN CHATTERJEE
Responded 5 years ago
A.Send that person a demand notice. Still if he fails to comply, you can takeover the possession of the car. Or if you have taken any cheque go and encash the cheque. If it bounces file a cheque bounce case.
Helpful
Helpful
Share
Read Related Answers
About Mpokket loan
Dear Client,
Once a borrower fails to repay his debt, the Lenders/FIs initiate a routine course of action for recovery of the loan/debt from the borrower following the provision under the SARFAESI Ac...
Education Loan
Dear Client,
In the prevailing situation, you need to obtain a course cancellation certification from the institute, and based on said cancellation certificate you need to inform the concerned NBFC t...
Regarding surity and stay of execution
Dear sir,
You have to implead yourself as a party in the pending case if any otherwise file separate case to discharge you from suretyship.
Recovering Loan given to a Friend
Dear sir
As cheques are undated you can file cheque bounce case which is financially feasibly and you need not pay any court fees.
Credit card payment
Dear Client,
You can try to negotiate a debt settlement with the Bank on your own if your pocket permits to repay the entire outstanding of your credit cards at a time for a one-time settlement of du...
Read Blogs on Debt and Lending Agreement
Debt and Lending Agreement Lawyers
Find Lawyers by Location
