What action credit card company can take for non payment? What action credit card company can take for non payment?

If i have not paid for credit card outstanding amount. Last 1 year to till date. Also i have not made any Settlement with bank. So what legal action do the credit card company.

3 Response(s)

Posted 6 months ago


A. Dear Sir,
Be informed that it is a purely personal loan and not secured. At the most they can go to the Civil Court or put a case before a Arbitrator and get a decree or award. On the basis of such decree or award they can attach your movables. If you are not intelligent they may also arrest you. But, arrest in civil cases happen only when you refuse to pay having sufficient funds.

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BANK - GOLD BOND BANK - GOLD BOND

My Father purchased a gold bond from BOI Bank in 2016. He lost his bond paper. How can we recover our bond. Is there any facility in the respective bank to get another copy. What are the required docu

5 Response(s)

Posted 6 months ago


A. Hi.Lodge a missing FIR with the local police and then with a copy of that FIR go to the Bank and request them to issue a duplicate bond to you so that you can redeem the bond when you need otherwise you loose all your investment. The bank may ask you to make an affidavit, if they do so then have an affidavit done for the same.
Kindly rate my ans *****, thanks

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Ayantika Mondal @ Prime Legal

Ayantika Mondal @ Prime Legal

Advocate  Anik

Advocate Anik

Abhimanyu  Shandilya

Abhimanyu Shandilya

Current account operation by legal heir Current account operation by legal heir

Sole proprietor expired.How to continue the running current account by the legal heir

5 Response(s)

Posted 6 months ago


A. Dear Sir,
Legal heir must file an application before the concerned Bank and get the Account transferred in his name with NOC’s of other family members and thus continue current account.

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Education Loan Recovery action  under Sarfaesi Act Education Loan Recovery action under Sarfaesi Act

Whether the action under Sarfaesi Act is applicable for EDUCATION LOAN outstanding borrowerd for Graduation When the student persuing the Higher study period post graduation courses .and the b

4 Response(s)

Posted 6 months ago


A. Dear Sir,
Sarfaesi Act not applicable to student and agricultural loans
Parliament today passed a bill which empowers banks to confiscate security in the case of loan default, a development that assumes significance in view of the episode surrounding industrialist Vijay Mallya.
The Enforcement of Security Interest and Recovery of Debts Laws and Miscellaneous Provisions (Amendment) Bill, 2016, will not, however, apply to loans for agricultural land as well as student loans.
The bill, approved by ...ReadMore

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SBI Cards have registered a case against me and the hearing is tomorrow. SBI Cards have registered a case against me and the hearing is tomorrow.

SBI Cards have registered a case against me and the hearing is tomorrow. If I am not present in this ecourts case what are the consequences?? I need legal help to get more time in making payments. I a

5 Response(s)

Posted 6 months ago


A. Appoint a lawyer before the Court hours and sign a vakalatnama and ask him to appear with you and submit the same and he shall take the case forward. If you are no able to find any lawyer than yourself appear before the Court and request the Court to provide another date in your matter as you do not have lawyer and take all the necessary papers of your matter (your copy if any) from the Court and appoint a lawyer before the next hearing. Thank you.
If you have found this answer helpful than prov ...ReadMore

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MONEY CLAIM MONEY CLAIM

My parents have an RD in Sahara India whose maturity date was in 2020 but when ever we go to claim our money they give the excuse that they dont have money please advice what should i do

3 Response(s)

Posted 6 months ago


A. See the Sahara group case is already in the court and SEBI itself is one of the party who is fighting for the cause of the investors like you so that you can get your money back. As long as the case is going on you will have to wait and watch.

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Is this right process? Is this right process?

My father had a little FD before he died. After death, my brother taken signs on the bank paper to take the FD's money and promises to give equal distribution. But, now more than a year has passed b

4 Response(s)

Posted 6 months ago


A. Hi,
Nobody can steal what is properly yours until your father has declared your brother the complete owner. Please investigate who is the candidate for your father's FD funds. He just serves as a custodian, ensuring that the deposit reaches a legal heir. When a depositor dies, the nominee has two options. Keeping the FD till it matures is one possibility. 
Thank you, kindly rate the answer. 

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Latest Response 6 months ago
Ayantika Mondal @ Prime Legal

Ayantika Mondal @ Prime Legal

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Advocate  Anik

Advocate Anik

Abhimanyu  Shandilya

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Pardeep Kumar Dhiman  Dhiman

Pardeep Kumar Dhiman Dhiman

Msme loan Msme loan

I have loan rs 30 lakh for machinery. Which iam unable to pay kindly suggest what to do.

6 Response(s)

Posted 6 months ago


A. If you have a genuine reason for not paying the loan you could contact the bank and ask for relaxation.
So that bank could extend the time period.

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Amrendra  Kumar

Amrendra Kumar

Advocate  Anik

Advocate Anik

Ayantika Mondal @ Prime Legal

Ayantika Mondal @ Prime Legal

housing loan housing loan

we have taken a housing loan of 44 lakhs and paid emis for 1 year.last 6 months we have defaulted on emis and they have sent recall notice to repay entire loan amount.but the problem is that the notic

5 Response(s)

Posted 7 months ago


A. Reply to the legal notice and ask them to correct their mistake or else you can take the benefit of this mistake of theirs when either they move the case in DRT or you move in any forum against them

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Regarding IDBI deep dicount bond . Regarding IDBI deep dicount bond .

Sir i have purchased deep discount bond 1996 which IDBI promised to give me 2 lac rupees after 25 years but now they are giving only 17000.

4 Response(s)

Posted 7 months ago


A. Hi,
As per your narration, there might have been a gross deficiency by the bank with regards to the services they offer. You can directly approach the ombudsman and register a complaint there or you have the additional option of filing a complaint against the bank before the consumer forum.
If you find my answer helpful then kindly rate me.

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Latest Response 7 months ago
Ayantika Mondal @ Prime Legal

Ayantika Mondal @ Prime Legal

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Advocate  Anik

Advocate Anik

Abhimanyu  Shandilya

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Kishan Dutt Kalaskar Retired Judge

Kishan Dutt Kalaskar Retired Judge