NBFC loan - amount Rs65000
1 year ago
I had taken loan from NBFC amount Rs65000, i have made two repayments.
Unfortunately, due to some unavoidable reasons I am unable to make repayment.
They have given me a legal notice saying that they will invoke arbitration proceedings against me.
I live in Jammu and they are going to hold arbitration at Mumbai.
Please help me out
A.Dear Sir,
Yes, many banking institutions wontedly initiative Arbitration proceedings in a City which is far away from barrowers place. Better to settle the amount or form a union of similar victims and fight unanimously.
Yes, many banking institutions wontedly initiative Arbitration proceedings in a City which is far away from barrowers place. Better to settle the amount or form a union of similar victims and fight unanimously.
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