Taken Loan From Relative 7 Years Ago
Taken Loan From Relative 7 Years Ago
HI Sir, I taken 6 Lakhs 8 years ago, for interest RS. 1.50 (Per Rs 100 Per Month). I paid RS. 3,50,000 in 2016. Now, I want to pay remaining Rs, 2,50,000 But he wants me to pay with interest. I ca
2 years ago
A. He dont have license to charge interest.
so he cant charge interest.
Even last time you paid in 2016 so time limitation of 3 years ended in 2019 until and unless he sent you any legal notice which he not sent due to relationship.
you can cheat your relative.
But others will come to know abt your truth.
So even when you dont have to pay him anything legally, you can pay remaining amount 2,50,000 + 50,000 if you want to.
Ankur Goel @ Complete Law Shield
Ceasing of car in lockdown
I am default on car loan for 5 month's, my car repossessed by third party agency forcefully without any notice or call, I requested them that by evening I will pay 2 installments and one more I will
2 years ago
A. Dear Sir,
You may approach Civil Court and restore your car.
BANK
MY FATHER TOOK A CC LIMIT LOAN NAMED A FIRM , WHICH PROPRIETOR MY MOTHER SO MY FATHER TAKE A LOAN AS MY MOTHER NAME WHICH A CC LOAN AGAINST GOOD , MY FATHER MANAGE THAT BUSINESS 3 YEAR AGO MY FATHER D
3 years ago
A. What security was provided for the CC limit. If was just the stock in trade then you can relax as bank will not take away your property but if any extra security like property was provided or personal guarantee of your mother was taken then bank might go for SARFAESI and file case in DRT for recovery.
Company not paying full and final settlement payment
Hi my name is rohan, i was working in a startup. Company is not paying my full and final settlement Salary payment of last 7 month. I have all the nessaary documents like reliving letter offer letter
4 years ago
A. if the amount of due salary exceeds Rs. 1 Lakh then you can send the demand notice U/s 8 of the Insolvency and Bankruptcy Code, 2016 as per the prescribed format. if you due amount will not paid after that then subsequently you can file an Application under section 9 of the Insolvency and Bankruptcy Code before the Jurisdictional National Company Law Tribunal for initiating Corporate Insolvency Resolution Process.
However, if after service of demand notice they will not pay the due amount then p ...ReadMore
PUNEET MAHESHWARI 07725911311
Advocate Upadhye & Associates
Unable to pay the personal loan EMI
I am being unable to make the payment due to I have lost the job and they threatening me to make the payment if not they will come with the police to arrest and jail me.
4 years ago
A. Dear Sir,
The financiers and bank people cannot force you like that and it being a civil transaction they have to go to Civil Court and cannot go to police station.
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ICCI Bank Limited vs. Prakash Kaur case,
The Supreme Court in a landmark judgement reiterated its earlier stand that banks cannot deploy musclemen for recovery of loans from defaulters thus forcing them to end their lives.
"We deem it appr ...ReadMore
DEBT
i am sanjay my father had a personal loan from a bank of 50000 rs. he died five years back. i am unemployed and my mother is handicap blind. we have very low anual income. we can hardly sustain our b
4 years ago
A. As for question 1
Yes the bank can auction the property if the same was given as collateral against the private loan taken by your father who is no more. If the property was not given as security or collateral then the bank has no rights.
As for question 2
Yes. [The bank has the rights to waive off your loan]. However no bank would actually do that so they might allow you to repay the loan amount in very small installments taking into consideration your financial status. OR ELSE, they might ...ReadMore
Shreyash Mohta
cheque amount deny to retotn
ii have given a cheque for buying a land @ Rs 700 per sq ft during 2012 During 2015 he say the rate is Rs 900 per sq ft I told to give back my money and not ready for ypur option on the same day till
4 years ago
A. Dear Sir,
You have to get issue a legal notice and file suit for recovery of money with interest, advocate fee and expenses as they violated the conditions.
Personal loan debts & credit card dues
Dear Sir, I have multiple personal loans from various banks around 4.5 lakhs & credit cards over due around 1.5 lakhs. Due to some financial issues I didn't pay the dues from last 5 months. All EMI'S
5 years ago
A. Dear Sir,
You may get issue a legal notice asking the bank to wait for some more time otherwise ask them to file a civil suit where you will get time by way of installments.
For full procedure contact me on mobile through Vidhikarya.
Legal Notice
Dear sir, I am a salaried employee in a private organization. I have multiple personal loan debts from various banks & credit card over dues from last 4 months. My financial position is very bad & I c
5 years ago
A. Dear Mr. Chandra Sekhar,
This is not the right cause to serve Legal Notice.
Best option for you would be to meet the Branch Manager of the Bank concerned and ask for additional time and refund the money as per the calculation and well in advance of time.
That would really save you from a lot of crisis.
Shanti Ranjan Behera
Advocate
