Education Loan Repayment - I have borrowed education loan
Education Loan Repayment - I have borrowed education loan
I have borrowed education loan of amount 4 lakhs and I was unable to pay after my degree completion due to unemployment. Now I have requested bank for OTS. since the account became NPA. I have deposit
1 year ago
A. It is not clear what was the mode of discussion, if its orally, you look for a written order. If its in writing like OTS letter, you may issue a legal notice to clear the loan and issue NOC/NDC
Subhashis Paul
Can a individual salaried employee file for bankruptcy
I have almost 26 Lakhs personal, Credit Card Loans and Balance on Credit Cards. Till now I have managed to pay EMI's and Minimum Balance without miss. However, going forward it is not possible for me
1 year ago
A. Yes sir, you can file for bankruptcy even if you're working or have a job, also in my suggestion you shall give a notice to the branch manager intimating about the incident and finding a way out without leading for a case.
LOAN AND CREDIT CARD DUES
SIR I WAS TAKEN PERSNAL LOANS AND DUE OF MY CREDIT CARD OUTSTANDING I WAS NOT PAYING AND I WAS GEETING FORCE CALLS FOR PAY ARRENGE THE MONEY AND PAY I WAS IN PROBLEM IN FAMELY MAATERS AND I WAS LOSE O
1 year ago
A. In my humble suggestion, lodging a formal complaint against the Bank and the recovery office would be the remedy. The magistrate can be contacted if the police do not file a complaint.
Payout not paid by debt recovery agency
Sir I have been working debt recovery agency. I have left my work due to heavy mental pressure. After leaving my job they are not giving my payout. I have gone to police station but they are not help
1 year ago
A. In my humble suggestion, you can file a complaint with the labour commissioner if your employer fails to pay your salary. They will assist you in settling this conflict, and if no resolution is found, the labour commissioner will take the matter to court so that you can file a claim against your employer.
Unable to Pay the loan and credit card payment
Dear Sir, My brother took a loan on a credit card of repuess 1 lakh and used credit card of repuees 80k, loan outstanding is nearly 64k and card out standing is 90k. he unable to pay the amount for t
1 year ago
A. Contact your credit card company immediately because many creditors may be willing to work with you to change your payment if you're facing a financial emergency. You can also stand against the harassers, by getting Remedies against harassment by Recovery Agents.
Loan Repayment - loan is outstanding
My personal loan is outstanding with the bank since 2 years as I was unemployed for 1 year due to pandemic & I need 1 year of time to arrange the funds to repay the bank. But the bank and recovery
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
Property NPA having title suit
Sir, I have a property that has gone in NPA. I bought this property in 2005 and I had a CC loan with a Govt Bank since then. In 2012, I closed CC. And in December 2013, I took a new loan in OD format
1 year ago
A. Dear Sir,
You are in difficult situation since the Bankers may attach your father’s property but they cannot register any 420 case against you if registered you may go to the High Court and get it quashed.
bank loans-borrowing money
Hi there, I submit my land document to the bank for borrowing money, for the few months I can't pay the due, so the bank decide to prepare for auction and they informed. Is there any law says that the
1 year ago
A. Dear Sir,
That option is not available because it seems you have mortgaged the entire property and at the most request the bankers to auction the property and bring prospective buyers by yourself.
Unable to repay home loan
Sister had accident 5 years back and got 90% disability. Before this she took unsecured home loan now we are not able to repay loan until we get insurance claim. Nominee in this case was his husband.
1 year ago
A. Dear Sir,
Remedies against harassment by Recovery Agents
February 18, 2021
Written By : Kishan Dutt Kalaskar Retired Judge
Leave a Comment
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. ...ReadMore
Bankruptcy Declaration
My father used to run a shop which after the second lockdown was shutdown in 2021, he baught a house in 2019 taking a mortgage and now is unable to repay his debt. Can declaring bankruptcy be helpfull
1 year ago
A. Dear Sir,
You may go for insolvency petition as follows:
===================================================
The provisions of Bankruptcy and insolvency Act may be used to get relevant certificate. The highlights of the Act are as follows followed by a link.
KEY HIGHLIGHTS
1. Corporate Debtors: Two-Stage Process
To initiate an insolvency process for corporate debtors, the default should be at least INR One Lakh (which limit may be increased up to INR One Lakh ) by the Government). The Code ...ReadMore
