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.
BANKRUPTCY
I am the Channel Partner of an E commerce (online selling of Machines and Motors) company located at Banglore and given Security Deposit in the year 2018 and not signed the agreement copy. now Company
3 years ago
A. How you know company became bankrupt ?
for bankrupt they will not change address. They will close.
all the people can file FIR on company. Can file cyber crime also since it was ecommerce.
Ankur Goel @ Complete Law Shield
SARFAESI Act
A demand notice under 13(2) was issued for our loan account in February,2019. We cleared all the due and regularised the account. However, it is about to turn NPA again in May end when my 4th installm
3 years ago
A. Hi,
The borrower has a right to adequate notice and the account is classified as a non-performing asset (NPA) if the repayment is overdue by 90 days. In such cases, the lender has to first issue a 60-day notice to the defaulter and this process has to be duly followed for every default.
If you find this answer helpful, please rate my answer. Thank You.
Ayantika Mondal @ Prime Legal
Ankur Goel @ Complete Law Shield
Loan account turned NPA
A demand notice under 13(2) was issued for our loan account in February,2019. We cleared all the due and regularised the account. However, it is about to turn NPA again. I wanted to know whether there
3 years ago
A. same cycle like first time.
no possession straightaway.
Ankur Goel @ Complete Law Shield
Property eauction details
From, K.Saravanakumar, No.1, Lakshmanan Street, K.K.Pudur, Saibaba 15, Safdurjung Road, New Delhi. Sub:- Physical Possession Order issued on 19.12.2019. Respected Madam, I am SARAVANAKUMA
3 years ago
A. Hi,
The case related to debt recovery and reserve price of auction sale can be filled in Debt Recovery Tribunal or High Court of competent jurisdiction. The sale cannot be made below the reserve price value.
If you find this answer helpful please rate my answer. Thank you
Ayantika Mondal @ Prime Legal
Not able to repay loans
I'm not able to pay taken loans and Loan agents torturing me like anything. Suggest what i need to do here.
3 years ago
A. You can file for bankruptsy, I can prepare that for you.
Fraudulent initiation of Insolvency Petition
Hi, I am Dharma, a software developer & budding filmmaker. I am writing to you to seek help in exposing an act of fraud, but those people trying to defraud that act in eyes of law. Bokkasam Somanath
3 years ago
A. In Which place he has filed petition? send me copy of whatsapp notices. . you can take my contact from Vidhikarya
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.
Credit Card & Personal Loan
Since Covid19 i am job less.I am 57 years old.My last salary drawn was Rs.1,00,000/- per month.During covid my both father & mother expired due to kidney failure & brain hemorrhage.I spent most of my
3 years ago
A. 1) As you was the regular payer of Bank loan/ credit card there is nothing much to worry as the covid-19 situation is NOT been deliberately bought by you, but it is due to the situations beyond your control.. & a national Disasters .
2) Using of any abusive language with your wife/ family members is very much illegal as the card is not in her name request you to record all the calls immediately along with the Caller name, time and date and save it into a pen drive forward it to us
3) All this h ...ReadMore
Ayantika Mondal @ Prime Legal
