House mortgaged by father against loan in a cooperative society. Father died.
House mortgaged by father against loan in a cooperative society. Father died.
My father had taken a loan for business my mortgaging our home. Father died in 2022. Society has transferred the share certificates in my name as I was the nominee. Cooperative society has called me t
11 months ago
A. Being a nominee and legal heirs Cooperative transfer the share in your favor so you are legally bound to pay back the dues of your deceased father. Scope of guarantor comes later when loanee fails to pay after exhausting all process to recover the loan.
So when you are ready to settle the debt through OTS you may approach the cooperative and in case they agreed jointly filed an application before the lok adalat arranged periodically to settle the dispute at pre litigation stage through mediati ...ReadMore
fraud loan app harrassment
sir i have taken 15thousand rupees one app called aakredit they gave 9thousand , i paid the loan , after that they do auto credit they 10thousand after 5days they asked me to pay 21thousand . they st
11 months ago
A. Dear Sir,
You may approach local police since it involves only meager amount as such nobody take interest in your case. Police have vast powers to solve your problem.
Harassment
Dear sir/mam I am SBI credit card user due to financial issue I am not pay my cc bill one month , the recovery agent call me & my contact list also , & used abused language misbehave with me & my frie
11 months ago
A. Hello,
As per the information you have given it is advisable to you to file a FIR against them for mental harassment.
Shubham Saxena
I took a car loan for one of my friend on my name, on paper car is also on my name but it is being used and took care by my friend itself. Now he is not sending emi amount on my account and emi is get
11 months ago
A. Hello,
You can file a criminal complaint/FIR against your friend under appropriate sections under the Indian Penal Code for inducement and fraud. Once the FIR is filed, there will be a proper investigation by the police. If the police does not file an FIR, we can involve the courts.
BOI Home Loan - CIBIL Score Reg
Dear Sir / Maa'm, my home loan emi was increased recently and i did not get any information from the bank about the increase, on the designated day they debited for the regular emi and left a debit b
11 months ago
A. Dear Sir,
You may go to Banking Ombudsman and lodge a complaint. You may also send protest letters to the concerned Branch Manager and his regional office and head office.
Bike stolen
My bike is stolen and still 2.5 years of emi is pending. Is there any way to get out of it? Anything that I can do so that I don't have to pay the remaining emi.
11 months ago
A. Dear Sir,
There are numerous cases of the oppressive and illegal conduct of recovery agents attempting to recover pending dues for the banks' benefit. In the past few years there have been many such instances, to showcase an example, an 81-year-old woman was seriously threatened by recovery agents, she got 375 threatening calls concerning her child's unpaid bank dues. After that, she moved to the police, and a case was filed against these agents. Another incident quoted as per media reports sta ...ReadMore
Sec25 Readwith, 138 NI act
Loan defaults, getting the notice regarding Payments & Settlement with Sec 25, Readwith 138 NI act
11 months ago
A. Dear Sir,
Yes, Section 25 also attracts which is equivalent to Section 138 as follows:
Section 25 in The Payment and Settlement Systems Act, 2007
25 Dishonour of Electronic Funds Transfer for insufficiency, etc., of funds in the account.
(1) Where an electronic funds transfer initiated by a person from an account maintained by him cannot be executed on the ground that the amount of money standing to the credit of that account is insufficient to honour the transfer instruction or that it exc ...ReadMore
A. Dear Sir,
You may go to cyber police as such business is not recognized by RBI. In future be aware that you should not go to such small financial companies.
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.
1 year 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.
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
1 year ago
A. Hello,
You need not worry about this instead you can file a FIR for harassment against them.
thank you
