icon Fishing vessel loan guarantor

I pledged my property for purchase of fishing boat. I am not a fisherman. They defaulted in paying dues. Can a get stay order in highcourt for not auction my property.

3 Response(s)

11 months ago


A. Hello,
Stay order is a temporary injunction on a property where the concerned property is being damaged or alienated or has been wrongfully sold in other cases where an opposite party is threatening to dispose of property or property is under dispute. It is granted by Court as per order 39 of CPC.
yes, you can go to court for stay.
For better clarity reach out to an advocate.

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icon loan repayment - given my legal document to any stranger

sir i just given my legal document to any stranger for just he give me 500 ruppe and then after some time the company pocketly call my father and say for repay the loan of 15771 and 5771 is penalty ch

3 Response(s)

11 months ago


A. Hello,
You need not worry about this instead you can file a FIR for harassment against them.
thank you

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icon How to obtain bank all details of my late father in absence of documents

My father was having bank account and FDs in one particular bank. He passed away 8 years before. He was living with one brother before he dies so all the bank records and identity proof is with him an

2 Response(s)

11 months ago


A. Dear Client

Your matter is a bit complicated as you do not have any information on the bank accounts. So, here are some ways to get your work done;

1. Send a letter to the bank with your father details, death certificate, aadhar card, legal heir certificate erc. and seek the information from the bank. If the bank does not give you then you can go to the court and file a case against the bank for the same.

2. You can send a legal notice to your uncle asking him to disclose all the information ...ReadMore

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icon Lawyer fees

Do I need to pay lawyer fees for my education loan ( with collateral)? I have paid processing fees.now bank is asking for lawyer fees. I don't even know what the lawyer has done for bank. Whatever I k


A. Dear Client,
It is advisable to ask the bank regarding the need for lawyer fees. Please ask for details of this clause.

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icon Wrong fund transfer

I am ICICI bank (Chennai) customer holding SB account for past 15 years, by mistake I done IMPS transfer through ICICI bank mobile app of Rs 1.5 Lakhs to Canara bank (Bangalore) customer instead of se


A. Hello Sir,
The course of action is in the right direction. However, to get your money back, it would be advisable to establish to not deduct the negative balance from your sim of money wrongly transferred. In case of failure, please proceed to file a complain.

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icon Is 1% of rate of interest daily applicable on loan legal in India?

Sir 1 percent per day is legal in India and I have taken loan from unifinz capital limited they charging daily interest rate 1% it's legal


A. Dear Client
It is illegal and undoubtedly usurious. You should send them a legal notice through a layer marking a copy to the banking ombudsman and Reserve Bank of India.

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icon My bank freeze my account and they told me they got FIR, and no reason

My bank freezed account without notice, and I was asking them for reason from 3 days, they don't have reason, but someone filed FIR, and they don't know reasons for it.


A. Dear Client
You need to get the copy of the letter from the bank that the police would have sent to them and then you need to get in touch with the Police to sort it out.

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icon Bank service fraud

I had sufficient balance in my account still bank refused my payment's when i was in the restaurant and gave the title insufficient fund . My all the dignity gone because even though i had my balance


A. Dear Sir,
Without sufficient reason the Bank cannot refuse the payments. You have several options like going to Banking Ombudsman, getting issued legal notice and going to Consumer Court claiming huge compensation.

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icon I have received possession notice from bank

Can I take stay after receiving the possession notice


A. Dear Client

You can get the stay on the possession letter by the bank if the bank has committed illegality in issuing it otherwise you cannot. For any stay you will have to file an application in Debt Recovery Tribunal (DRT)

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icon One EMI Bounce - I have been regularly paying my personal loan

I have been regularly paying my personal loan EMIs for a bank till September. But I had lost my job in September 2022 due to staff cuts. I somehow managed to pay September month EMI. But now I have to


A. Dear client,
If you fail to pay your EMIs for 3 consecutive months, lenders consider it as a default and take action. The lender will then send you a notice of default, giving a period within which you must repay the outstanding amount or lose possession of the asset (house/car) that you have provided as a collateral.

If you are unable to pay,
1. Don't Panic
2. Contact Your Lender and keep your documents ready
3. Consider Your Options and Initiate A Dialogue with Your Lender
4. Liquidate your ...ReadMore

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