Arbitration for Credit Card recovery
Arbitration for Credit Card recovery
If a Bank decides to opt for Arbitration to reclaim Credit Card dues which have gone NPA, does the arbitration tribunal or arbitrator need to consider only if there is dispute on the amount due or do
2 years ago
A. Dear Clinet,
The arbitration tribunal will allow you to present your case and put forward all that you want to say and communicate. They will hear all your pleas and then only they will decide on the award. But in all possibility they will not let you not pay the amount. They will make an award that you are to pay that amount. How to pay will be left open to you.
Credit Card dues Recovery - Legal Notice for Arbitration
in 2018, My Business shut down and I ended up piling Credit Card Debt trying to revive it. I got a Job in 2019 May but ended up emptying my savings trying make minimum payment on card. I had mailed th
2 years ago
A. Dear Client,
One thing is to be kept in mind that loan or credit card is something which means we have taken money from a bank and used it for ourselves and then when the bank wants it back we have to return it as it is their money. In your case you do not have much options but to cooperate with the bank and also communicate with the bank to cooperate with you. Tell them that you will pay them in small amount once you are in job.
Provident Fund Claim-I was a employee of a Private Limited company
I was a employee of a Private Limited company Mumbai Based Head Office but still now Company is not giving clearance of PF by not updating my details in PF Portal like Date of Joining, Date of Leaving
2 years ago
A. Send them a legal notice first through a lawyer then followed by a legal case against them. They are committing a big blunder by not updating your PF details as that is a statutory requirement for every employer to do so and they can be penalized for not doing so.
Arbitration
I have taken a personal loan due to loss of job I am unable to pay the EMI for 5 months now they have told to pay it by tomorrow or there will be a warrant issued and the property will be attached. Pl
2 years ago
A. Dear Client,'
In case you are unable to pay a loan you does not become a criminal but it is a civil dispute. You can contact your lender and tell your problem and ask for new repayment plan which is easy for you. You can also take loan insurance which will fulfill your short time loan payment.
Thank You.
Can two arbitration proceedings permitted for same matter?
Can two arbitration proceedings permitted for same matter?
2 years ago
A. Hello
The principle of res judicata is indeed applicable to arbitral proceedings as also ruled by the Supreme Court. As per the principal of res-judicata a matter that has been adjudicated by a competent court and therefore may not be pursued further by the same parties in the same court. Therefore there cannot be two arbitration proceedings for same cause of action in the courts of same jurisdiction.
Thanks
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Ayantika Mondal @ Prime Legal
Sidhaarth S
Icici bank loan repayment
An ICICI recovery agent is threatening me to seize my car and auction my house and put me behind bar because I delayed car EMI payment for 15 DAYS not 90days. Can they do it?
2 years ago
A. The act of ICICI agent is wrong and contrary to law. Agent cannot harass the borrower of loan and if there is default let bank to move legally in court instead of getting engaged in such malpractice. ICICI is known for such malpractices. Report the matter to police. Agent cannot take such illegal possession.
Sidhaarth S
Ayantika Mondal @ Prime Legal
Harasment by Sons
My father married my mother (from another tehsil) after his first wife(local) had passed away. I am still unmarried and also my one younger sister. I also have two step brothers and one step sister.
2 years ago
A. Dear Madam,
You may file domestic violence case to stop such harassments. If you want property you have to file a partition suit and if you are already in possession then file a suit for permanent injunction.
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How to respond to the legal notice received for Online captcha job agreement?
I find Capcha jobs and i apply then one day a message has come on my whatsapp and said that you to work for 7 days and we will pay you 28000 in a month. After that, they have an offer letter but i did
2 years ago
A. Dear Sir,
Such fake companies unnecessarily giving trouble to many unemployed youth and also to the students. You need not view any reply to such notices and they cannot do anything against you. Start your career as you have got much experience through this fake company notices.
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Mental torture
one person is mentally torturing me from many days by giving me a lot of useless work and if i didn't do that work due to some problems then that person starts disturbing me which gives me stress and
3 years ago
A. which kind of person giving which kind useless work ?
what is relationship and reason ?
if that same person give you useful work then you will do it happily ? why ?
without knowing complete details of relationship, legal solution can not be suggested.
you have to approach police only for help.
Ankur Goel @ Complete Law Shield
Arbitration Order under section 17
Bank arbitrator has passed order u/s 17 of arbitration act. Where can we challange it
3 years ago
A. An arbitral Tribunal award can be challenged in the High Court. Invoke Section 34 of Arbitration and Conciliation Act, 1996 by move the application in the High Court with a valid reason.
