Resign from my employee
Resign from my employee
I have resign from my present employee and serve notice period for three months to join another organisation. What legal action can I take if I did not get relieving on time and if I cannot join the j
9 months ago
A. Dear Client,
When you have tendered your resignation from the Company or Employer following the terms or contract of employment serving 3 months notice period, the Employer/Company is dutybound to relieve you on expiry of the notice period along with F & F Settlement dues. In case of delay or denial of the issue of relieving letter on time by the employer then such a lapse may be termed as unfair labour practice as laid down u/s.2(ra) and Fifth Schedule of the Industrial Dispute Act, 1947. If ...ReadMore
Paytm asking Fir for unknown multiple chargeback requests
My acc. Blocked by paytmsaying multiple chargeback requests are raised against same merchant. So they blocked and asking for Police FIR copy with physical stamp n sign. But i am unaware of that reques
9 months ago
A. Dear client,
If you know the person who did it, you can send him a legal notice. However, we would advise you to file a Suit under the Information Technology Act
I loss my job unable to pay emi amd loan
I loss my job unable to pay emi amd loan
9 months ago
A. Dear Client,
If you do not repay your loan, the lender can take you to court. The court will then require that you pay back the amount in full or face other penalties such as wage garnishment or seizure of assets.
However, as per banking rules, these are the few ways in which banks can help a loan defaulter. In these cases the bank will follow the rules specified as per SARFAESI Act.
LOWER THE EMI: Banks can lower the EMI in two ways: (a) by increasing the loan tenure, (b) by converting non-s ...ReadMore
A. Dear client,
You should immediately approach the concerned cyber cell department where the complaint has been lodged against your bank account along with an advocate. Meet with the Investigating Officer and enquire about the exact complaint and try lodging a counter complaint
Guarnter property on not single name.
My father is guarnter for some loan he is unable to pay the loan, now the bank has send notice to us on fathers name. Our property is build by my father and uncle and the flat is on both the names. S
10 months ago
A. Dear Client,
Once the borrower fails to repay a secured loan, Bank started the routine process to recover the loan from the borrower marking it NPA, and in the case of a secured loan, the Bank has to exhaust all the remedies available for recovery of debt lying unpaid against the borrower failing which, the lender Bank can take action against the surety/guarantor for recovery of outstanding debt of the borrower. When the property is jointly owned by the Borrower and the Guarantor, on the failure ...ReadMore
Withdrawing from guarantor
Sir, I stand as a guarantor for the overdraft account of my friend for the amount of 10,00,000/- in Canara bank and the monthly installment is not paying regularly from the borrower which is impactin
10 months ago
A. Dear Client,
In the case of a secured loan, the Bank has to exhaust all the remedies available for recovery of debt lying unpaid against the borrower failing which, the lender Bank can take action against the surety/guarantor for recovery of outstanding debt of the borrower. A guarantor can not be replaced or his guarantee is canceled without the permission of the Lender Bank which is not allowed considering the complexity of the subject. So as a Guarantor, you got no other escape route and yo ...ReadMore
Home loan moratorium request
I want a moratorium for 1 year from my bank on home loan so need the process so that I can get the same. Please advice.
10 months ago
A. Dear client,
Customers who wish to apply for a moratorium have to submit a request for it. Once approved, the borrower's existing tenure will be extended to accommodate the deferment and interest accrued.
The process of how a loan moratorium works are simple. During the moratorium period, the lender would give a grace period to the borrower. During this period the lender would not have to pay any EMI and only the interest will get accrued. Upon the situation coming back to normalcy, the regular ...ReadMore
Guarantor - My Dad has expired one year ago
My Dad has expired one year ago My dad,s friend had taken a loan for JCB vehicle and my father was guarantor for it in the same finance company from which my dad had taken a loan for a Truck and the t
10 months ago
A. Dear client
A guarantor is someone who agrees to be responsible for someone else’s payment of debt if the latter makes a default on payments of loan. Being a guarantor is not a mere formality to help the borrower, the guarantor is equally responsible for paying off the loan.
Hence, we would advise you to pay the loan from your father's assets or else, the bank can take legal action
Cheque returned in case of bank merger
Sir, my cheque is returned and not bounced so how do I sue the client under N. I Act 138. Will the suit be mainatanable? Is there any case law to support
10 months ago
A. Dear client,
Please contact your client and settle the dispute amicably. There is only a remedy for cheque bounce, no remedy for return of cheque
Cyber Crime Cell Not supporting on the Lien Amount
In the month of November in the year 2022, a specific amount was held by the Jharkhand Cyber Crime Department, as they found one of my withdrawal transaction on one of the Crypto Platforms to be viola
10 months ago
A. DEar Client,
National Cyber Crime Reporting Portal(NCCRP) is an initiative of the Government of India to facilitate victims/complainants to report cybercrime including cryptocurrency scams or complaints online. However, when one is a victim of scams/frauds, and once a cyber crime involving cryptocurrency trading is reported online to NCCRP, you have to wait for the completion of the investigation of the scam by the investigating agency. Until and unless, investigation into the reported crime is ...ReadMore
