Bank manager conspiring , that i shall not be able to avail loan restructuring
Bank manager conspiring , that i shall not be able to avail loan restructuring
Dear sir / mam myself an 58 yrs old lady , i took loan of 2.5 lakh under mudra yojana for proprietor firm , and have been paying emi on time , but since pandemic i am not able to pay on time but at
2 years ago
A. Dear Madam,
Your concerns are valid but we can't look down on her procedures as a part of the conspiracy. However if you are still suspicious of her duties you may approach a higher authority for your assistance.
As well as bring the bribe part to higher authorities notice.
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Ayantika Mondal @ Prime Legal
RBI Guidlines for Frozen Account
RBI guidelines RBI-2014-15-63 DBOD.No.Dir.BC. 5-13.03.00-2014-15 July 1, 2014 Ashadha 10, 1936 (Saka) told that Banks are advised to follow the procedure detailed below in the case of Term Deposit Acc
2 years ago
A. Dear Sir,
You may approach same Court for extension of period of frogging. Bank can renew the extension period only after getting court orders and not prior to it. You may approach banking ombudsman to redress your grievances.
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fintech startup legal requirements
what are the legal requirements to start a neobank with the partnership of a traditional bank like hdfc bank or icici bank?? Are there any licensing requirements to start this business??
2 years ago
A. Dear Sir,
There are 10 neo banks in India currently, and a couple of more are in the process of entering the market. ICICI Bank took the lead in the segment and partnered with three neo banks: Free, Instant Pay, and Yelo. The profit margins of neo banks are slim, and the regulators are encouraging more entrants and competition.
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Loan taken from bajaj and hdfc given to friend
I take loan from bajaj and hdfc and it given to freind now he not paid emi I m in trouble so
2 years ago
A. Dear Sir,
You may get issue a legal notice and file a money recovery suit. Thus you can recover your amount. But you must have some documents having transferred the amount or promissory note etc.,
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Pardeep Kumar Dhiman Dhiman
Vaidehi Samant
Ayantika Mondal @ Prime Legal
Police case on retired bank employee
I am a retired bank employee. I retired in 2015. In 2014, I sanction a loan of 10 lakh to one person against his house with a consent of his brother residing with him in same house. The legal status r
2 years ago
A. Dear Sir,
You immediately approach High Court and get a stay on such investigation if your bankers not lodged any complaint. Primarily that guy given consent and it will be deemed consented for further loans. Police cannot register such case on the complaint of private person unless bank itself lodge a complaint as transaction took place in the Bank.
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Sbi credit card legal department person abuse me on whasaap messege he called me (chor and anpad)
Respect sir, Myself kunal shedge i use sbi credit card for last 2yr, my outstanding is pending due to the lockdown for last 18months i lost my job and searching for new i am not yet getting new one, l
2 years ago
A. Hi,
You can file a criminal defamation complaint against the individual who slandered your name. In Indian law, criminal defamation is specifically defined as a crime under section 499 of the Indian Penal Code (IPC). It is strongly suggested that you settle your due balance before charging the individual.
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Ayantika Mondal @ Prime Legal
Can a bank declare a customer loan defaulter when there is an active e-mandate
Can a bank declare a customer loan defaulter when there is an active e-mandate to autodebit the EMI from another bank is in place? In this case the outstanding on credit card was restructured by onli
2 years ago
A. Hi,
According to the definition, default is the failure to repay a debt, including interest or principal, on a loan or security. A default can occur when a borrower is unable to make timely payments, misses payments, or avoids or stops making payments. Therefore if there was a non payment of due then it would be considered to be default.
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Legal Notice Received from Bajaj Finance Limited within 26 days time
Hello Team, I am Venu from Hyderabad received a legal notice from Bajaj Finance Limited through an Advocate from Maharashtra. I missed my EMI from Bajaj EMI Card for June month, however my track recor
2 years ago
A. Dear Sir,
It seems to be a personal loan and they have no authority to come over to your house for recovery the same since house is not mortgaged. It is a purely personal loan and they have to take a decree from civil Court or Arbitrator. Just ignore their calls and be thick skinned.
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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.
2 years 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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Ayantika Mondal @ Prime Legal
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
2 years 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
Ankita Jaiswal
