icon Sarfaesi act & cersai

Whether sarfaesi act can be implemented in non registration of property given as collateral to bank in cersai


A. Dear Client,

The SARFAESI Act isn’t applicable for:
The NPA loan accounts amounting to less than 20% of the principal and interest.
Money or security issued under the Indian Contract Act or the Sale of Goods Act, 1930.
Any rights of the unpaid seller under Section 47 of the Sale of Goods Act, 1930.
Any conditional hire-purchase, sale, lease or any other contract in which no security interest has been created.
Any properties that are not liable to attachment or sale under Section 60 of the Cod ...ReadMore

Helpful
Helpful
Share
icon How do I claim money from bank (that had nomination) as a legal heir

My husband has expired. He kept his brother as a nominee in bank account. He now denies from distributing money to me and my mother in law. As I and my mother in law are the 1st class legal heirs of


A. Dear Client,

A legal heir is a person who is entitled to inherit the person's money under the terms of a signed will. A nominee is just a caretaker and does not own the amount in the fixed deposit or bank account and is merely a caretaker.. The legal heir is authorized to get ownership of the account funds. Hence you can consult a lawyer near you and can send a legal notice regarding the same to the nominee, if there is no resolution, you may file a petition in the Hon'ble court to help resolve ...ReadMore

Helpful
Helpful
Share
icon Loan on Bakast land

Do loan against Bakast land is given by bank or not? This bakast land is being sold by the successors (settled raiyats) of zamindars. The purchaser of this land wants a loan against mortgaging this l


A. Dear Client,

Whomever owns the land can get a loan on the land with the help of a bank.

Thank you so much, I hope this answer helped you.

Helpful
Helpful
Share
icon Account freezing - bank account in IDFC first bank

we are mantian bank account in IDFC first bank , now our account has debit frezze, i have so many time visit our branch , but they told your account freeze by cyber cell Vijayawada you need to visit V


A. Dear Client,

If your account is frozen due to suspicious activities, you can simply call up your bank and resolve it. If it is frozen due to any other reason that involves debts and bankruptcy, the best step to take is to go to the court and vacate the judgment at the earliest to unfreeze your account quickly. Please consult a lawyer near you to help you do the same.

Thank you so much, I hope this answer helped you.

Helpful
Helpful
Share
icon Credit card emi payment

A friend of mine has skipped 2 months emi due to unemployment now the bank employees are threatening with demand notice .. is it possible for him to pay by next 10 days


A. Dear Client,

Ask your friend to talk to the credit card company and inform them that you r friend will pay the sum in ten days. They mostly will allow.

Thank you so much, I hope this answer helped you.

Helpful
Helpful
Share
icon fraud in online income tax return

Sir I asked one of my known person to fill the income tax return for me, but recently when I checked history of my income tax returns I found out that in 2017-18 itr was refunded to his bank account b


A. Dear client,
You can file a civil suit of recovery against your friend. If you are willing to take up criminal action against him, then you can file a case under section 107 of IPC for criminal misrepresentation and 415 of IPC for cheating.

Please contact a lawyer who can help you with the legal proceedings.

Helpful
Helpful
Share
icon Vishing Case

I was a victim to Vishing where I was manipulated to transfer money from my account. The Bank says that the there was no problem from the Bank and that the Bank has adhering to all guidelines provided


A. Dear client,
Please follow the below steps to file a cyber complaint:
STEP 1: Go to https://cyber crime.gov.in/Accept.aspx
STEP 2: Click on ‘Report other cyber crimes’ on the menu.
STEP 3: Click on ‘File a Complaint’.
STEP 4: Read the conditions and accept them.
STEP 5: Register your mobile number and fill in your name and State.
STEP 6: Fill in the relevant details about the offence.

The documents you require for Internet Banking/Online Transactions/Fake Call Related Complaints:
Bank ...ReadMore

Helpful
Helpful
Share
icon Posession notice

Sir iam taking housing loan and top up loan, the loans pending dues paid but all other loans persanall lons add to my account give possesion notice to me but not pending or overdue on my hpusing loan.


A. Dear client,
You can file a complaint to the grievance cell of the HFC, better known as Grievance Registration & Information Database System (GRIDS) which is established as the NHB’s Grievance Redressal Mechanism. Please note that there is no other authority available in India which would deal with the aggrieved customers of the Housing Finance Companies.

Procedure includes:
-Access the grievance handling portal of the National Housing Bank by accessing the link https://grids.nhbonline.org.in ...ReadMore

Helpful
Helpful
Share
icon Bond matured 5 years back but still Money not given by Compony

Taken Bonds of 500000rs from Wellfare group of componies in year 2012, after 5 years matured still not back even matured amount. Please suggest what should do.


A. Dear Client,

Please contact a lawyer near you to better understand what kind of bond you are holding and to explain to you what you need to do in order to release your money.

Thank you so much, I hope this answer helped you.

Helpful
Helpful
Share
icon Summon under sec 25

I received summons under sec 25 payment and settlement act for not paying the loan what should I do


A. Dear Client,
Please consult a lawyer and understand your options much better. If it is a mistake on behalf of the bank then the case against you will be acquitted but if you have defaulted in the payment you will have to hire a lawyer to solve the issue legally.

Thank you so much, I hope this answer helped you.

Helpful
Helpful
Share