Letter of petition in lok adalat
1 year ago
Hi team,
There is a total of 550000 on my credit card. Today bank official came and gave me a copy of petition to the lok adalat and had taken a signed copy from me. I wanted to know about it. They said to me to appear in lok adalat on 13th aug
A.Dear client, lok adalat is a form of outside Court settlement. In case you are up for the amicable resolution of your case you can use this platform.
Helpful
Helpful
Share
Jagannath S Pawar
Responded 1 year ago
A.Your chance to settle the outstanding account is in Lok Adalat on 14th August 2022 which you should utilise if you really intend to finish it off. However no compulsion is there if any other hindrance is from any side.
Helpful
Helpful
Share
Read Related Answers
Multiple unsecured loan defaults
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...
Unfreeze
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...
For bank loan
Dear Client,
the loan amount must be repaid by the legal heirs of the deceased or the nominee by the deceased if the assets would be frozen by the bank. there is no other legal remedy to non payment
Bankruptcy and Debt
Dear sir,
You may join any reputed NGO and render your personal service where you can get at least free accommodation and boarding.
Strong Legal Notice--Recovery of amount
Dear Client,
Unfortunately, there are no legal remedies for illegal issues. A contract for an illegal purpose is void from the beginning and in case such an illegal act is revealed from any source, bo...
Read Blogs on Bankruptcy and Debt
Bankruptcy and Debt Lawyers
Find Lawyers by Location
