Debt consolidation
I have upto 20lacs debt in all 7 banks and have stopped paying from last 6months due to financial crisis. Now my salary is the only source of income to my family and I can pay maximum 20k monthly EMI.
3 years ago
A. As far as I know Bank managers have no freedom to make any relaxation for you.
Loan documentation procedure legal
What is the legal way to document a loan being given to a relative? What terms can be covered like rate of interest, principal etc..in it?
3 years ago
A. For a relative loan Do make a promissory note & PDC- POST DATED CHEQUE & it should be executed in very strict manner.
If you realize my professional skills, the time & efforts put in by me needs to be truly appreciated, and then Please “CLICK MY LIKES/ THUMBS UP/GIFT” button shown below this reply format & also CLICK/ WRITE a “REVIEW” in 5 star as I have answered your query in detail. Hope this information is useful
ADV. ANISH PALKAR (High Court)
Ayantika Mondal @ Prime Legal
Bankruptcy/ Credit card due's
Hi, I have credit card from HDFC bank and also running some Personal Loans, due to covid-19 pandemic i am unable to payoff my Credit card dues and have requested time for taking loan and paying off th
3 years ago
A. Banks will have no mercy, ask vidhikarya to reach me.
Collection agent
Due to lockdown am struggling financially unable to pay emi on time and same facing collection agents issues any relif or advice to overcome from this trouble
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
Took money from friend
I took money from a friend few years back. Then a lot happened with me afterwards. I am still struggling in many ways. I just came out from an abusive marriage. I am looking for jobs too. He knows al
3 years ago
A. He cannot take any legal action against u. So do not worry..However, you can request your friend for extension of time as he is ur friend.
If you realize my professional skills, the time & efforts put in by me needs to be truly appreciated, and then Please “CLICK MY LIKES/ THUMBS UP/GIFT” button shown below this reply format & also CLICK/ WRITE a “REVIEW” in 5 star as I have answered your query in detail. Hope this information is useful
ADV. ANISH PALKAR (High Court)
Demand notice from bank loan
I have a personal loan with AXIS Bank. However due to covid i lost my job and didnt pay 3 emis. The legal team called me and said they have sent a legal notice to my old address. I am not staying tha
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
Bankruptcy and debt
Hello sir/mdm, In last year 2020 i was lost 13 lakh rs in shre market ane i was take this money from diffrent type of credit card.now i have no money to pay bank and also i have no any property in my
3 years ago
A. But who advised you to invest 13 lakhs in share market? Here is a small story for you
Once upon a time in a village, a man appeared and announced to the villagers that he would buy monkeys for Rs.100/- each. The villagers were ecstatic since there were tons of monkeys in the nearby forest.
The villagers, sensing this unique opportunity, went out to the forest and started catching the monkeys with ease. The man bought thousands at Rs.100/- and as supply started to diminish, the villagers st ...ReadMore
Ayantika Mondal @ Prime Legal
MULTIPLE CREDIT CARD OUTSTANDING
13-14 LOANS OUTSTANDING, I LOSS IN MY BUSINESS, NOT ABLE TO PAY HUGE CREDIT CARD OUT STANDING
3 years ago
A. Hi,
More information is required to help you, however, from the above stated facts, it is advisable that you can initiate insolvency proceeding.
Ayantika Mondal @ Prime Legal
Insolvency
Sir I have credit card dues and personal loans due of 25 lakhs. I filed insolvency petition in city civil court. Does civil court have powers to accept my petition or should I approach any other court
3 years ago
A. Yes, city civil court have powers to accept insolvency petition.
If you realize my professional skills, the time & efforts put in by me needs to be truly appreciated, and then Please “CLICK MY LIKES/ THUMBS UP/GIFT” button shown below this reply format & also CLICK/ WRITE a “REVIEW” in 5 star as I have answered your query in detail. Hope this information is useful
ADV. ANISH PALKAR (High Court)
[email protected]
NOTICE TO WHOMSOEVER IT MAY CONCERN The Hon'ble National Company Tribunal (NCLT), Mumbai Bench vide order C P no dated 12.07.2019(rewived on 29.07.2019) has appointed the undersigned as Resolution P
3 years ago
A. notice itself is clear.
approach National Company Tribunal (NCLT) and Resolution Professional (IRP).
Ankur Goel @ Complete Law Shield