Insolvency on the basis of , provincial Act 1920
I (male 56 rears) i wanted to go declare insolvent ( i am an individual ) as I could not able to pay my EMI on the basis of the provincial Act 1920. i have multiple debts (ALL FROM BANKS & NBFCs) and
Posted 4 days ago
A. Dear Client,
An insolvency petition is filed at a district court having jurisdiction in which the debtor resides or carries on business. If the debtor has already been arrested or imprisoned, then the insolvency petition can be filed where he/she is in custody.

Advocate Anik
Bangalore
DRT Case Filed by the Bank and notice has been issued to us
We have been in financial crisis from some time a, though our business prior to Covid was good but post we couldnt recover and now we are managing to remain afloat. From PNB , we took an OD for Rs.14L
Posted 1 week ago
A. Dear Sir,
You have to barrow time from the DRT and thus prolong the matter. You cannot be dissolved from liability and the more delay you may cause you have to pay more interest. The DRT is more concerned with the public amounts rather than individual barrowers difficulties.
Responsibilities of legal heirs - father owned a company
My father owned a company, and under his and my moms directorship sold some properties to multiple people. Some of those properties are lent to banks too. Sadly, he passed away last year. I wanted to
Posted 2 weeks ago
A. Dear Sir,
You are not liable for the liabilities for your father as per following principle of pious obligation.
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'Pious obligation' means the moral liability of sons to pay off or discharge their father's non-avyavaharik debts. ... The ancient doctrine of pious obligation was governed by Smriti law. There is a pious obligation on the sons and grandsons to pay the debts contracted by the father and grandfather.
Hindu S ...ReadMore

Abhimanyu Shandilya
Kolkata
Debt harrasment
I have been dealing with a money lender from past ten years and have paid him at 5% every month and most of the payments I have made is through banks account..he is very agressive and in human in his
Posted 1 month ago
A. Dear Client,
You can file a case against them in the police station for harassment and mental torture against you.

Advocate Anik
Bangalore
Online fraud by loan apps
I have taken a loan from an online loan apps and failed to repay because of some financial issue but the people from the app started harassing me and torturing me mentally and contacted my contact lis
Posted 1 month ago
A. Dear Client,
As per the facts mentioned, if they are harassing you then you can lodge a complaint in the police station against them for the harassment and mental torture.

Advocate Anik
Bangalore

Kishan Dutt Kalaskar Retired Judge
Bangalore
credit card- my dad died last year
my dad died last year, he had a credit card debt of 40k till now I did not pay with interest it became 45k do I have to pay his credit card debts I got a message like legal notice has been initiated a
Posted 1 month ago
A. As per the case & facts you have mentioned your dad died last year, he had a credit card debt of 40k till now I did not pay with interest it became 45k, just forget about the bank & the credit card. Once the person is dead No bank can recover unsecured debts, rather a very lengthy process so forget about it as it is very costly process. Also how far is it confirmed that u are getting the job in same company in govt. r u join in compensation post etc. Please clarify.....

Anish Palkar
Mumbai suburban

Kishan Dutt Kalaskar Retired Judge
Bangalore

Advocate Anik
Bangalore
Credit card settlement payment missed
I have settled my credit card amount to 77000/- for 6 EMI. I have cleared 27000/- and missed my last month and this month emi. While doing the settlement they have taken my 6 blank cheques now my 3 em
Posted 2 months ago
A. Dear Sir,
Such act cannot done without the order of the Court or Arbitrator. You may get issue a strong legal notice and teach them a lesson because such tendency is on increasing ratio. Get advice from any competent advocate.

Advocate Anik
Bangalore
Notice from Lok Nyayalay in the matter of Kotak Credit Card dues
Dear Sir/Madam, This time again Kotak Mahindra Bank employees came with this notice (attached) saying to settle the credit card dues which is pending since the lockdown.. The issue is I am unemployed
Posted 2 months ago
A. Dear Client,
Appear before the Lok Nyayalay, acknowledge your issue before the authority. Ask for an extension of the time period.
Thank you.

Advocate Anik
Bangalore

Subhashis Paul
Kolkata

Kishan Dutt Kalaskar Retired Judge
Bangalore
Cheque bounce case in lok adalat
I bought a laptop on EMI loan, I don't remember giving them blank cheques, however I lost my job due to corona unable to pay them EMIs now they are saying they'll book a cheque bounce case in lok adal
Posted 2 months ago
A. Dear Client,
IF the case goes to trial for a check bounce, then you can file a reply to the case through a lawyer for a cheque bounce case near you. You can also file a counter file of cheque against the person for filing a false cheque bounce case against you.
Thank You

Advocate Anik
Bangalore

Kishan Dutt Kalaskar Retired Judge
Bangalore

Vaidehi Samant
Mumbai

Advocate Sinjari Bandyopadhyaya
Kolkata
Private Money Lender Harassment charging 8% interest per month
I borrowed 1 Lakh for 8% interest from a known person on April 2019. He said he is getting money from his personal lender to give me just to look he is not involved - it was lie as per my view. I und
Posted 3 months ago
A. Dear Client,
As per the facts mentioned, you can file a police complaint of harassment against the lender and from a legal perspective, the terms and conditions of personal lending are legally non-binding and non-enforceable.

Advocate Anik
Bangalore

Abhimanyu Shandilya
Kolkata