Bike loan - failed to pay my emi for bike
2 years ago
Hello, I failed to pay my emi for bike for some reason, therefore the finance company took my bike from my office without any prior notice... next day I got call from Mumbai who said he is from legal department. He told me that I have to pay rs 22000 as loan repayment which is for loan settlement they will return my bike. after we paid amount he is not answering calls and they didn't give my bike
A.Dear Client,
As per the facts which have been provided, you should cross check that the person to whom the payment has been made is not fraud and if he is then you can file a complain in Police Station. And if payment of the remaining amount has been made to the eligible person and then also you have not received your bike then you can move to Consumer Court.
Hope this clarifies your query and requirement.
Thank you.
As per the facts which have been provided, you should cross check that the person to whom the payment has been made is not fraud and if he is then you can file a complain in Police Station. And if payment of the remaining amount has been made to the eligible person and then also you have not received your bike then you can move to Consumer Court.
Hope this clarifies your query and requirement.
Thank you.
Helpful
Helpful
Share
Read Related Answers
Credit card
Dear Client,
You can try to negotiate a settlement of your credit card dues with the Banks on your own if your pocket permits and the bank agrees, but sometimes it's typically done through third parti...
Harrassment and verbal attack on personal misfortune by Bajaj Finserve TVM
Dear Client,
As per the contractual obligation you are bound to repay the loan but the creditors have no right to harass you to recall the amount, there are rules set as per RBI guidelines as to how...
Complaint regarding not refunding fees.
Dear Client,
It's essential to communicate clearly with the center about your request for a refund and to provide any necessary documentation, such as receipts or enrollment agreements, to support y...
Insolvency
Dear Client,
Under the Provincial Insolvency Act, 1920 (which is now repealed as IBC Code 2016), you can file for bankruptcy if you are unable to repay a debt greater than ₹500. After analyzing whethe...
How to get stay order of property possession taken by NBFC
Dear Client,
Sub-section (3A) of Section 13 of the SARFAESI Act was introduced by way of an amendment in the year 2004 whereby (3A) the borrower is allowed to make representation or raise an objectio...
Read Blogs on Debt Collection
Debt Collection Lawyers
Find Lawyers by Location
