Call Back Request
Track Your Request
+91-7604047602 Legal Blog For Students Free Legal Advice Lawyer Login
Menu
arrow_back

Q. Education loan

Placeholder image

Vikash Anand

posted 1 year ago

Q.Education loan
Sir , I took an education loan in August 2004 for my BSc nautical studies degree. I had applied for 5,75000 for this but the manager he can only section 4 lakhs but assured us that he would increase the loan amount later. As I had to deposit my first installment and had no option i agreed. In due course he did not increase the loan amount as promised and I was unable to pay the installment . So I forwarded a written complaint to regional office , head office of the bank, and forwarded the copy to RBI, and the finance ministry. I even filled a civil writ.The bank got into action and a senior official came and met me and assured verbally that if I take my writ back he would sanctioned the rest amount. But he did not . As a result I could not complete my course. Presently I am unemployed. Few days back I got a legal notice from the bank for depositing my loan amount with interest which was stated to be 29 lakhs approx failing to which they would initiate the process for body Warrent and attachment procedure.
Sir, please advice me to what should I do . Thanking you
Vikash Anand.

Please do not provide your contact details here. We share your contact details on demand from the client.

Your Registration is Incomplete. Please Complete the Registration

Sorry, Your Profile is not activated.

Sorry, You can't respond to the Question as your account has been blocked.

Response is Required

Response should be with in 4294967295 characters

~ and ` characters are not allowed

Symbols are not allowed (Excluding #)

# Symbols is required

Shanti Ranjan Behera

Experience: 23 Year(s)

Responded 1 year ago

View All Answers

A. ) Dear Sir,
You have to pay the money back to the bank with interest.
The other option for you would be to try for one time settlement.
Shanti Ranjan Behera
Advocate

Reply is Required

Reply should be less than 4294967295 characters.

Helpful
Helpful
Share

Kishan Dutt Kalaskar Retired Judge

Experience: 34 Year(s)

Responded 1 year ago

View All Answers

A. ) Dear Sir,
Take some defensive steps. Please the following.

https://www.thehindu.com/news/cities/Delhi/court-orders-recovery-of-education-loan/article24295393.ece

Reply is Required

Reply should be less than 4294967295 characters.

Helpful
Helpful
Share

Download the Clients App on

Vidhikarya App on Android Platform

Contact Details

7604047602
[email protected]
505-A, Terminus Building,
Newtown, Action Area I,
Kolkata 700156

Download the Lawyers App on

Vidhikarya App on Android Platform

Certified by Startup India, DPIIT

startUpIndia

Payment secured by :

PayUMoney PayPal net banking
visa master maestro