Free Legal Advice

Dear Sir,
Many financial institutions including SBI unnecessarily giving torture to its borrowers. Better settle the issue once for all or just appear before Arbitrator and seek installment facility. Initiating Arbitration proceedings is nothing but a eye wash.

Dear Client,
Once the repayment of the loan stops or bounces for three consecutive occasions, the Bank initiates a routine course of legal action for recovery of the loan from the borrower, marking the loan as a bad loan/NPA. In case, a provision for resolving the dispute through arbitration under the Arbitration and Conciliation Act, 1996 exists in the loan agreement, before marking a loan as bad loan/NPA, the lender exhausts its course of action as stipulated in the loan agreement and send a N

Dear Client,
In the given scenario, debt consolidation is a popular loan repayment strategy and a viable option that can help you manage multiple debts more effectively. Taking out a personal loan for debt consolidation helps you gain more control over your monthly expenses and makes your budget more manageable. Debt consolidation is an exceptional strategy to repay your debt faster, reduce your financial burden, and become debt-free. However, with debt consolidation, it is important to stay on

Dear Client,

As per your statement it is not clear what you want to know.
Basically reply of a Arbitration notice we relate on few factors:
1. Respond within the stipulated time mentioned in the notice.
2. Maintain a formal and professional tone.
3. Attach relevant documents (if required).
If you cannot under the process I will suggest you engage legal counsel for further process.

Dear Client,
As per Article 137 of the Limitation Act, 1963, the limitation period for invoking arbitration and filing an application under Section 11(6) of the Arbitration and Conciliation Act, 1996, is three years from the date of the cause of action or the right to apply accrues. Since you delayed the repayment of the loan in 2023 instead of 2019 in terms of the agreement, the cause of action or right to invoke an arbitration clause claiming interest on delayed payment is within the period of

Dear Client,
A borrower of a loan is held personally liable for his or her debt for non-payment of the outstanding amount of the loan and legally, there is no escape route to get rid of that liability. Even in the absence of a borrower or guarantor, his or her surviving legal heirs are held liable to write off the debt from the asset or property they inherited from the deceased borrower. Alternatively, you can try to negotiate a debt settlement on your own if your pocket permits to repay the en

Dear Client,
Your query suffers from a lack of information. You expressed your situation but not a cause of action that attracts a legal remedy. It is a forum where in the absence of a specific cause of action, suitable legal remedies cannot be suggested based on the standalone situation/circumstances. However, be informed that each case is unique and distinct from another and decided based on the merit of each case. A citation of an order or judgment is cited in any litigation to facilitate th

Dear Client,
In case, a provision for resolving the dispute through arbitration under the Arbitration and Conciliation Act, 1996 exists in the personal loan agreement, before marking a loan as bad loan/NPA, the lender exhausts its course of action as stipulated in the loan agreement and send a Notice under Section 21 of the Arbitration and Conciliation Act, 1996 to the borrower who failed to repay his/her debt to resolve the matter at the pre-litigation stage which is mandatory before referring

Dear Client,
In case, a provision for resolving the dispute through arbitration under the Arbitration and Conciliation Act, 1996 exists in the personal loan agreement, before marking dues or loan as bad loan/NPA, the lender exhausts its course of action as stipulated in the loan agreement and send a Notice under Section 21 of the Arbitration and Conciliation Act, 1996 to the borrower who failed to repay his/her debt/dues against such loans to resolve the matter at the pre-litigation stage which

Dear Client,
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