Time limitations for debt recovery application at drt
Time limitations for debt recovery application at drt
What is the time limitations of filed OAcase against the borrower? At dtr?
10 months ago
A. Dear Sir,
Normally, three years is the limitation to file any recovery suit. But renewal of loan etc, documents will be taken by Bankers by way of your signatures on blank forms and thereafter they will fill the same saying that you have got renewed the loan etc.
About data entry job
I have completed the task now they are telling me u didnot get 90% accuracy now to asking me to pay the money....i have signed an agreement and they have my aadhar card what to do....they are asking m
10 months ago
A. Dear Sir,
They promise a job - but first you must pay. Please do not send money via Western Union.
This page: The fake job fraud, see also Internet fraud update , The money laundering fraud, Fraudsters haunting dating/matchmaking websites , The fake loan offer fraud and the bank accounts they use.
A painful duty - Exposing the British (and Irish) connection. What happened to my money? All 419 fraud victims should read this.
NB: Many victims seem to have been contacted by the scammers as a ...ReadMore
I received a notice for my mortgage loan in NBFC Bank
Hello Respected Sir / Madam ,I received a notice for my mortgage loan in NBFC Bank 13 (2) now main question is they have already issue this notice in 2020 that time we have already reply now again the
11 months ago
A. Dear Client,
The notice u/s 13 (2) of the SARFAESI Act, 2002 issued by the Bank where any borrower, who is under a liability to a secured creditor/Bank under a security agreement, makes any default in repayment of secured debt or any installment thereof, and his account in respect of such debt is classified by the secured creditor as a non-performing asset(NPA), then, the secured creditor may require the borrower by notice in writing to discharge in full his liabilities to the secured creditor ...ReadMore
Bank send notice to attach guarantors Mortgaged property
Hi, I am having home loan in BOB and my husband took a CC loan for his business in the same bank which I am also a guarantor. I am paying my Home loan properly but due to loss my husband unable to pay
11 months ago
A. Dear Client,
While I sympathize with your plights, I like to inform that in case of default on repayment of any secured loan, Bank attaches the collateral Security of defaulter for recovery of debt lying unpaid against the loanee. Being a surety or guarantor of CC loan of your husband who is not in a position to repay loan, Bank will start its routine procedures earmarked for recovery of the loan by attaching the property of the guarantor/surety.
In the given situation while you find yourself ...ReadMore
Loan settlement
I have loan from different bank i want to settle currently i am job less so i want a consultation about your fees and at which % we settle the loan
11 months ago
A. Dear Sir,
It is the discretionary power of the Bankers to settle or not to settle the loan amount irrespective of your status as unemployed person because it involves public funds.
Father took loan keeping brother as coapplicant
Father took loan from several banks total amount 2+ crore. Few are personal, business loan. He made brother sign a partnership agreement to get business loan. Also applied in 2 banks keeping him co-ap
11 months ago
A. Dear Client,
Sub-Section(4) of Sec,6 of Hindu Succession (Amendment) Act, 2005 defines Rights & Liabilities of a son member of a Hindu familiy. It says that no court shall recognize any right to proceed against a son, grandson, or great grandson for the recovery of any debt due from his father, grand father or great grand father. Apex Court has upheld gender equality after the amendment of Hindu Succession Act, 2005. Accordingly, a daughter even married has equal right and privileges that en ...ReadMore
Person not returning my Money
Hello All, My office colleague borrowed money from me and he is not returning it. I made calls and messages and he is not responding. He keeps on just saying 10 days 15 days. I told him i will file co
11 months ago
A. Dear Sir,
If the amount is big you may approach local Police and get a security cheque so that you can file cheque bounce case as follows:
Cheque bounce FAQs Negotiable Instruments Act
1A. Amended Cheque Bounce Provisions- 143A & 148…what is it?
Ans: Section 143A- It empowers the Court to order the drawer of the cheque to pay Interim Compensation - 20% - Without depositing this amount the accused cannot defend the case.
Section 148 – It empowers the Appellate Court to order payment p ...ReadMore
credit card dues
i am receiving multiple calls in a day i already told to settle the amount but he is not accepting what to do i dont know i am very depressed
1 year ago
A. Hello,
Legal Remedies available in the case of harassment by recovery agents are as follows:
1- 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.
2- Complaint to your Bank:
Practically all banks have a complaint department. The client can move that department and can communicate on this matter. Generally, after recording the grievance, the clien ...ReadMore
Credit Card - I am using credit cards with good payment track
For the past 18 years, I am using credit cards with good payment track. unfortunately, I drowned in financial problems and was unable to pay minimum dues also. It takes more time to build my financial
1 year ago
A. Dear Sir,
CREDIT CARD HOW TO PROTEST
Dear Sir,
Yes, whether amount is small or big, not an issue. The MNC’s earn lot with such small amounts. For eg SBI earned more than R.1,000 Cr by charging Rs.50/- only. You have following options
1) To send reply to notice by yourself ( no effective)
2) To send reply notice by lawyer (costly and may not result into any positive result)
3) Complaint to Consumer Forum for damages
4) Online Complaint with Ombusdman
======================================== ...ReadMore
Credit card - legal way
What is the legal way to close my credit card bills as a student
1 year ago
A. Dear Sir,
There is no legal way to close the account except to surrender before the Bankers and pay their full claim and thus close the account for ever.
