Credit cards and loan
4 years ago
I have 3 credit cards and 1 personal loan. I was making payments earlier but then I wasn't working and couldn't make the payments and now I am getting collection calls and few calls I got from SBI, where they have also used abusive language, they made calls to my mother and my friends. I am under pressure because I am getting calls daily. I am now working and want to payoff but not getting any way how to do that.
A.Dear Sir,
You may get issue a Legal Notice based upon following judgment and they will stop their calls.
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ICCI Bank Limited vs. Prakash Kaur case,
The Supreme Court in a landmark judgement reiterated its earlier stand that banks cannot deploy musclemen for recovery of loans from defaulters thus forcing them to end their lives.
"We deem it appropriate to remind the banks and other financial institutions that we live in a civilised country and are governed by the rule of law," a bench comprising Justices Tarun Chatterjee and Dalveer Bhandari said.
The court while dismissing the ICICI Bank's plea refused to delete the Delhi High Court's remarks that held the bank and its musclemen responsible for abetting a youth to commit suicide by humiliating him and taking away his motorcycle financed by the largest private sector bank.
It also asked the ICICI Bank to to pay Rs 25,000 as cost of this litigation to the respondents within three weeks and directed the Delhi Police to conclude the investigation against the bank expeditiously within three months, keeping in view the gravity of the allegations.
The court also directed the concerned Deputy Commissioner of Police to submit the investigation report in the Delhi High Court.
According to the court, complaints received by Reserve Bank regarding violation of the above guidelines and adoption of abusive practices followed by banks recovery agents would be viewed seriously.
Thanks.
You may get issue a Legal Notice based upon following judgment and they will stop their calls.
==============================================================================
ICCI Bank Limited vs. Prakash Kaur case,
The Supreme Court in a landmark judgement reiterated its earlier stand that banks cannot deploy musclemen for recovery of loans from defaulters thus forcing them to end their lives.
"We deem it appropriate to remind the banks and other financial institutions that we live in a civilised country and are governed by the rule of law," a bench comprising Justices Tarun Chatterjee and Dalveer Bhandari said.
The court while dismissing the ICICI Bank's plea refused to delete the Delhi High Court's remarks that held the bank and its musclemen responsible for abetting a youth to commit suicide by humiliating him and taking away his motorcycle financed by the largest private sector bank.
It also asked the ICICI Bank to to pay Rs 25,000 as cost of this litigation to the respondents within three weeks and directed the Delhi Police to conclude the investigation against the bank expeditiously within three months, keeping in view the gravity of the allegations.
The court also directed the concerned Deputy Commissioner of Police to submit the investigation report in the Delhi High Court.
According to the court, complaints received by Reserve Bank regarding violation of the above guidelines and adoption of abusive practices followed by banks recovery agents would be viewed seriously.
Thanks.
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Manjula Shanmugasundaram
Responded 4 years ago
A.Sir, if you have taken loan, you would have to repay it, unless you really want to apply for insolency. If you mean to pay it, you can get time. Further, if you are being harassed, you can get a injunction, but you would have to make the payment sooner or later.
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Neeraj Kumar
Responded 4 years ago
A.Tell them don't harras me else you will file harrassment case against them.
They have no right to harrass you.
They have no right to harrass you.
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