Strong Legal Notice--Recovery of amount
Strong Legal Notice--Recovery of amount
My property's mutation is pending in Tehsil and my known relative came into knowledge and he said that he will get my work done from tehsil as he said that his close relative is a peshgar and it will
5 days ago
A. Dear client, one cannot file a complaint for illegal actions. Here bribing is an illegal thing and you cannot legally claim a remedy for the said money. But if you can change the subject matter to other thing like you giving loan to him etc then it can be legally enforceable to recover your amount.
Bajaj Fin Overdraft loan default
i had unsecure overdraft from Bajaj Finance. I was not able to pay it off. and then there collection agent came to my house and abused us. I have not paid them since (year 2020 onwards). Now they have
5 days ago
A. Dear client, if the court had issued a warrent then it is mandatory for you to go to the court. The court on hearing the both parties accordingly will make an order for attaching any property in payment of the debt amount. You can also plead for settlement of the debt in a certain period of time for specific amount if you can't pay the full amount.
A. Dear Client,
Under the CGTMSE Scheme, in case of borrower default, the Trust's liability is limited to the guaranteed portion of the defaulted amount, subject to certain caps. The lender must initiate recovery proceedings under due legal process and prefer a claim on the defaulted account. The Trust will honor 75% of the guaranteed portion initially, with the remaining 25% paid after recovery proceedings. The lender is responsible for recovery efforts even after the initial claim settlement. N ...ReadMore
Credit card settlement
Hello, I did a Hdfc credit card settlement in year 2021 in 4 installments. But bank didn't provide NOC. They didn't contact me for three years.but Now again in 2024 Hdfc has handed over my case to kot
2 months ago
A. Dear Client,
As per the Banking Companies(Preservation of Records) Rules, 1985, Bankk to preserve records of personal ledger, loans or advances registers, FD Interest registers not less than 8 years. Further, based on Information Technology Act, 2000, the retention of transactional records will be maintained by the Bank for a period of 10 years as per RBI Guidelines. So, you can retrieve the credit card settlement record of the year 2021 from the concerned Bank by making an application under Sec ...ReadMore
Debt settlement
Hi can we have debt settlement services for ongoing debts
4 months ago
A. Dear Client,
Yes, you can. But for that you will have to share all the details with our team of lawyers who should be assessing the loans and the outstanding debt post that they will assist you in getting this settled with the bank
Bankrupt - financially bankrupt
I am financially bankrupt. I have personal loan which I am unable to pay. I tried various ways to keep paying it but now I am in deep mental stress. How can I declare my self bankrupt legally?
1 year ago
A. Hello Sir,
There can be a potential legal action against you in this regard. Please consult an expert of this particular field with more details.
Letter to bank for settlement
I want to go for settlement of my credit card loan .
1 year ago
A. Dear Sir,
Remedies against harassment by Recovery Agents
Written By : Kishan Dutt Kalaskar Retired Judge
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 poli ...ReadMore
Possession of Property by Bank without serving notice & settlement time
Can Bank or District Magistrate seal a property against a home Loan due to a financial crisis without serving notice and informing the customer who said paid regularly major EMI to bank as long as fin
1 year ago
A. Dear Client
The Bank can do so only after sending a notice under SARFAESI Act and not without informing you through the notice. If the bank has not informed you then you can take legal action against the bank in the DRT.
CGTMSE LOAN became NPA
In 2009 we borrowed around 18 Lacs(Senctioned 20 Lacs),in 2010 we borrowed 7.13 Lacs for 3 Embroidery machines only under CGTMSE scheme ,in 2013 we became NPA,UBI appealed to DRT,by 2013 we have paid
1 year ago
A. Dear client,
An auction can be canceled. The right to cancel or postpone an auction event is reserved for the owner, giving reasonable notice to both sellers and buyers, but it is only under extremely rare circumstances that this would happen.
Harassments by IDFC Bank People
My Employee taken loan Bnak people Calling me for loan payment
1 year ago
A. Dear client,
Legal Remedies available to defaulter in the case of harassment by recovery agents are as follows:
Filing a complaint at the police station:
A proper complaint should be filed against the Bank and the recovery office. However, if the police do not file a complaint, the magistrate can be approached.
An injunction suit against the bank and recovery agents: A civil injunction suit with an ad-interim relief can be filed in the civil court against the bank and recovery organization. It ...ReadMore
