I cannot paid my bike EMI last 8 months
I cannot paid my bike EMI last 8 months
I cannot paid my bike emi last 8 months... Now what I do.. I have no money to pay... What I do please tell
2 years ago
A. Dear Sir,
If you do not have enough money in your bank account then no need to worry, Bank will try to reach you when your account will declare as NPA. Bank has the option either to seize your bike for non payment or can take action against you by initiating legal proceedings.
Kindly respond if any further assistance is required.
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Ayantika Mondal @ Prime Legal
My question is in case of death of distributor, bank will honor the BG ?
we have distributor who is sole proprietor. As a credit control measure we do take bank guarantee from him . My question is in case of death of distributor, bank will honor the BG ? will bank argue th
2 years ago
A. Hi,
The death of a guarantor does not extinguish his liabilities. Those who get his assets have to take the burden too. They are responsible for his debts and such obligations.
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Thank You
Ayantika Mondal @ Prime Legal
HOUSING LOAN DEFAULT BY PRINIPAL BORROWER
HI SIR I M A GUARANTOR OF ONE OF MY RELATIVE FOR HOUSING LOAN HE IS DEFAULT FOR PAYING EMI SINCE LONG NOW BANK NOT ATTACHING HIS MORTGAGE HOUSING LOAN PROPERTY BUT ISSUE A NOTICE AND FILE SUIT FOR SAM
2 years ago
A. Hello Sir
As guarantor you are liable to pay the money to the bank in case the principal debtor makes a default in payment. But you have a right to claim the money you have paid as a guarantor from the relative. Also if the bank is not attaching the mortgage property then contact the bank and contact senior officers to look in this regard.
Thanks
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Ayantika Mondal @ Prime Legal
I have done Credit card transaction for a particular Bank but I believe the transactions arë hyped pertaining to transactions done by me.
I have done Credit card transaction for a particular Bank but I believe the transactions arë hyped pertaining to transactions done by me. can Someone Guide me if I can File RTI to get details of my C
2 years ago
A. Hello,
could you perhaps explain what you mean when you say the transactions are hyped? If you discover a transaction mistake or that too much money has been spent, contact your local bank branch. If the bank refuses to provide information, you have the option of filing an RTI.
Thank you very much.
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Ayantika Mondal @ Prime Legal
Loan default by Loan Borrower
I have placed my self Guarantor to one person for personal loan from Bank and he has not paid the amount and now bank has blocked amount in my bank account. Bank is insisting to pay me the balance amo
2 years ago
A. Hi,
In case the primary borrower defaults on loan repayment, the liability to pay the outstanding amount falls on the guarantor of the loan. The guarantor can face legal action for non-payment of the outstanding loan amount. It is advised that you settle the loan with the bank.
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Ayantika Mondal @ Prime Legal
Sidhaarth S
Joint ownership of bank account
My mother was mentioned as Joint account holder by her father in his savings account which is also linked to three deposits, Unfortunately her father passed away recently.She has a brother who stays o
2 years ago
A. Hello
After the death of your mother's father your mother would be the owner of that bank account as it was in her name as well. Also she could contact the bank branch and transfer all the amount in her personal bank account. Also her brother cannot claim any amount.
Thanks
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Ayantika Mondal @ Prime Legal
Advocate Sinjari Bandyopadhyaya
My father in law has signed as guarantor for a loan which was taken by his previous driver long back.
My father in law has signed as guarantor for a loan which was taken by his previous driver long back.he has left the job long ago and now he is not paying the loan back.The bank has asked my father in
2 years ago
A. Dear Sir/Mam,
Your father in law is liable to pay the loan which is outstanding as he is a guarantor of his driver.
Bank will take serious action against your father in law if he does not reply to them on time. OR Bank can also file case against your father in law to recover the loan amount as he is liable to pay. If your father in law pays off the outstanding liability to the bank, then, he has the right to recover the same amount from the driver by firstly sending the legal notice and then i ...ReadMore
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Ayantika Mondal @ Prime Legal
how to remove boja(loan) from 7/12
boja on the land from 2002 so I want to remove the loan and the bank is not exist now on our city what is the process to remove this boja amount
2 years ago
A. Visit any branch of the said bank which has sanctioned the loan over the land and discuss in detail about the said loan and find out from to whom you can contact. If there is any outstanding amount left, then, repay that amount and get the NOC from the said bank. When all these paperwork is done, your loan will be over and you are free.
Lucem Leg
Bankers Cheque
I have HDFC account. recently filled claim form after my father's death. he had a SBI account for which I was the nominee.after the process I received the banker's cheque. I wanted to know which b
2 years ago
A. Dear Sir,
You have to file a civil suit to claim such amount. You being the nominee entitled to recover such proceeds of the cheque. You must approach SBI Bank first and if rejected then approach HDFC Bank and get endorsements from both the banks.
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Rule for fixed deposit account inheritance
I (son-in-law) have made a number of fixed deposit accounts (from my salary savings) in various nationalized banks with my Mother-in-law as first holder, me as the second holder and my wife as the thi
2 years ago
A. Hi,
Your mother-in-law has the legal authority to make a will giving all of her assets to your wife. If she dies without leaving a will, her estate will be distributed according to the laws of inheritance and succession.
Thank you very much.
Ayantika Mondal @ Prime Legal
