Recovery Recovery

3 years ago

Due to extreme financial crisis, my father is not able to replay unsecured personal loan taken bajaj. The emi is due almost since 9 months but now everyday recovery agent come and do one other neusance and try to defame us. What can be done in this case??
Currently not in position to repay the amount
Amount due is around 2,50,5000/-

Kishan Dutt Kalaskar

Responded 3 years ago

View All Answers
A.Dear Sir,
Your father need not bother since it is unsecured loan and bank people advanced the loan at their risk knowingfully well that there are not taking any security towards advancement of loan.

Rate me Five Star *
Helpful
Helpful
Share

Post Your Matter Post Your Matter

Talk to a Lawyer Talk to a Lawyer

Ask a question Ask a question

Vidhi Samaadhaan Vidhi Samaadhaan

Anik

Responded 3 years ago

View All Answers
A.Hi,
No one can harass you in the name of recovery, it is advisable that you file a complaint against such bank.
Helpful
Helpful
Share

Post Your Matter Post Your Matter

Talk to a Lawyer Talk to a Lawyer

Ask a question Ask a question

Vidhi Samaadhaan Vidhi Samaadhaan

Anik

Responded 3 years ago

View All Answers
A.Hi,
No one can harass you in the name of recovery, it is advisable that you file a complaint against such bank.
Helpful
Helpful
Share

Post Your Matter Post Your Matter

Talk to a Lawyer Talk to a Lawyer

Ask a question Ask a question

Vidhi Samaadhaan Vidhi Samaadhaan

Ayantika Mondal @ Prime Legal

Responded 3 years ago

A.Hi,
No one can harass you in the name of recovery, it is advisable that you file a complaint against such bank.
Helpful
Helpful
Share

Post Your Matter Post Your Matter

Talk to a Lawyer Talk to a Lawyer

Ask a question Ask a question

Vidhi Samaadhaan Vidhi Samaadhaan

Satheeskumar V

Responded 3 years ago

A.if they come and torture you can simply go for police complaint. non payment of due is a civil issue they cannot create nuisance in house.
Helpful
Helpful
Share

Post Your Matter Post Your Matter

Talk to a Lawyer Talk to a Lawyer

Ask a question Ask a question

Vidhi Samaadhaan Vidhi Samaadhaan

Suneel Moudgil

Responded 3 years ago

A.since your father has taken the loan, therefore, he is legally bound to repay the same, however, your father or any aggrieved person can file a formal complaint against the bank and the recovery agency for using unfair means.
if the police refuse to file a case, the magistrate can be approached for the same
Helpful
Helpful
Share

Post Your Matter Post Your Matter

Talk to a Lawyer Talk to a Lawyer

Ask a question Ask a question

Vidhi Samaadhaan Vidhi Samaadhaan

NITHYANANDAN SUNDARESAN

Responded 3 years ago

A.Dear Client Consult an Insolvency lawyer near your Jurisdiction.
Helpful
Helpful
Share

Post Your Matter Post Your Matter

Talk to a Lawyer Talk to a Lawyer

Ask a question Ask a question

Vidhi Samaadhaan Vidhi Samaadhaan

Read Related Answers

question iconSbi account put on stop by cyber security
Dear Sir/Madam, Under the following provisions the Hon’ble Magistrate Court having ample powers to unfreeze the Bank accounts. Further, the Hon’ble Court has vast powers to hand over the properties/v...
question iconMy bank account got freezed
Dear Client, Once a cybercrime scam or fraudulent transaction is reported online to the National Cyber Crime Reporting Portal(NCCRP), on the instruction of the Cyber Crime Cell, the investigating tea...
question iconBank loan harassment
Dear Client, In the given scenario, you can escalate your grievance with the Grievance Redressal Officer of the concerned Bank, and in case no suitable response is received from the GRO of the Bank yo...
question iconOnline Gaming -Can I be sent to Jail
Dear Client, The Information Technology Act 2000 regulates cyber activities or online gambling in India. There is no explicit law that makes online gaming and gambling an illegal activity in India. O...
question iconOnline Gaming- Debit freeze
Dear Client, Your query requires more details to address it suitably. You expressed your situation but not a cause of action that attracts a legal remedy. It is a virtual platform where in the absenc...