Received Arbitration notice
I have received an Arbitration notice from a NBFC even before my Personal Loan A/C going into NPA
I have received an Arbitration notice from a NBFC even before my Personal Loan A/C going into NPA
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 referrin
Some unknown people giving torched in arbitrator name me and my family in bad language and mentaly harassment to my parents I have told him to give time to repay credit card bill but they told we ar ...
Dear Client,
The lender cannot force you to make the payment in an unreasonable time frame. You can inform the lender about your financial situation and seek an extension in time. The lender needs to adhere to the established procedure of debt recovery and is not allowed to resort to any unprofessional and abusive means to recover the same. In case, the loan recovery agents fakes the identity and continues to abuse, you can file a complaint against them to the local police and seek protection. F
Other Responses
I have joined a "pay after placement" program and signed an Income Sharing Agreement (ISA). According to the agreement, if I secure a placement through the company, I need to pay 12% of my CTC (Cost t ...
Dear Client,
You need to go through the ISA agreement to locate the clauses, if any, that specify the payment of penalty on the termination of the agreement. If there are no clauses regarding the same, then you can send a legal notice to the company and file a criminal complaint against them for threatening and criminal intimidation. However, in the presence of such clauses, you can seek to resolve the issue through arbitration. If required, you can consult an advocate for advice and assistance
Other Responses
In a global tender for purchase of equipment on central procurement portal, the vendor quoted rate in USD which was converted to INR on the date of opening. The tender clause was as under: 1.Prices qu ...
Dear Client,
It would be inappropriate to provide suggestions without perusal of the tender documents. So, it is advisable to approach an advocate to guide you through the intricacies of the documents and provide appropriate legal remedies.
Thank you.
Other Responses
The person has a own house he is worth to pay the amount and he is not paying
Dear Sir,
You must adopt multiple options for recovery of your amounts by attaching the salary, his immovables and movables.
Other Responses
We were three families living in the same house for years having one electricity bill on the name of grandfather. No one was paying the bill and the amount accumulated to more than 1 lakh rupees. Due ...
Dear Client,
In the given scenario, serving a legal notice to the Electricity supplying agency, file a complaint against them for deficiency in service and unfair trade practices before the Dist. Consumer Commission under Sec.35 of the Consumer Protection Act, 2019 claiming regularisation of entire pending bills and change of connections in violation of the Electricity Act and rules along with compensation for harassment and cost of litigation. The complaint should be filed within two years from
Other Responses
I have worked with Company and changed my job on 1st November 2023. I have my pending salary of around 2.15 lakhs with them and they are denying to pay unless they get an amount from the client. I am ...
Dear Client,
If your employer is withholding your pending salary without a valid reason, you may consider taking legal action. Review the employment contract for any clauses related to salary payment, notice periods, or conditions for withholding payment. Section 73 and 74 of the Indian Contract Act, 1872, deal with compensation for loss or damage caused by a breach of contract. If the company is in violation of the terms outlined in the contract, you can send a legal notice demanding the pendin
Other Responses
sir i have defaulted kotak bank credit card due to huge financial losses after which i have received notices regarding arbitration, sole arbitrator appointment, hearing, and at the end ex party award ...
Dear client,
If you were not aware or unable to attained the Arbitration and the award is passed against you, being unsatisfied with the order, you can file a petition before the Honorable High Court. There should be sufficient grounds for such application. If the court is satisfied, the judgement of setting away the said ex parte arbitration award will be set aside.
Thanks
Society make illegal arbitration of gold valuer without any agreement. Principal borrowers also make arbitration.
Dear Client,
If a society conducts unauthorized arbitration of gold valuation without any formal agreement and principal borrowers are also involved in such proceedings, it raises legal concerns. To address this situation, consider consulting with a legal professional to assess the specific circumstances and potential violations. Gather any evidence or documentation related to the unauthorized arbitration. If you are a principal borrower, review your loan agreement to understand the terms and co
Other Responses
My college changed the duration of our internship. And When asked they said that you are studying under new timetable but they did not inform the students about the internship period changes what can ...
Dear Sir,
Just obey the orders of the management of the college otherwise if you go to Court you have to wait for more and more time.
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