Ceasing of car in lockdown
2 years ago
I am default on car loan for 5 month's, my car repossessed by third party agency forcefully without any notice or call, I requested them that by evening I will pay 2 installments and one more I will pay by the end of this month but they instantly ceased the car.
A.Dear Sir,
You may approach Civil Court and restore your car.
You may approach Civil Court and restore your car.
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Sidhaarth
Responded 2 years ago
A.Report the matter to police. It is a crime.
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A.This is not illegal during the loan default but at this time of pandemic I would term this as inhuman an insensitive as everyone is undergoing lot of financial duress so they should have been cooperative. Try to reach out to them and get back the car by paying some EMI and see if it works.
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A.Hi,
You need to pay the pending installments immediately so as to avoid an auction by the bank. The authorities are not on default here.
If you found my answer helpful then kindly rate me.
You need to pay the pending installments immediately so as to avoid an auction by the bank. The authorities are not on default here.
If you found my answer helpful then kindly rate me.
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Ayantika Mondal @ Prime Legal
Responded 2 years ago
A.Hi,
Unfortunately they are on the right side of the law. Please pay the installments as soon as possible to avoid auction by the bank.
If you found my answer helpful then kindly rate me.
Unfortunately they are on the right side of the law. Please pay the installments as soon as possible to avoid auction by the bank.
If you found my answer helpful then kindly rate me.
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Ankur Goel @ Complete Law Shield
Responded 2 years ago
A.ow bank will know that you are speaking truth to pay 2 EMI by evening.
you not paid for 5 months.
how much more notice you wanted ?
you pay and get back car.
you not paid for 5 months.
how much more notice you wanted ?
you pay and get back car.
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