For bank loan
For bank loan
My father is a government employee who took a personal loan from the bank and now after his death the bank is torturing the family to repay the loan. Will we have to repay the loan or not?
3 days ago
A. Dear Client,
According to law of inheritance, you are legally obligated to repay the loan amount taken by your father. It is based on the premise that, if you are entitled to the assets of your father through inheritance, then you will also be required to pay his debts and fulfill the obligations. The law provides that the legal heirs will be liable to pay only such portion of debt amount which is proportional to the assets inherited by them. However, you will not be personally liable to it, unl ...ReadMore
Bankruptcy and Debt
I am jobless since November 2023, and has PL more than 3 lack. I have paid all the emis till date but I don't have anything left and don't own any asset. I live in a rented house and single. What can
4 days ago
A. Dear Client,
Under the Provincial Insolvency Act, 1920 (which is now repealed as IBC Code 2016), you can file for bankruptcy if you are unable to repay a debt greater than ₹500. After analyzing whether the conditions for filing for bankruptcy have been met, the court may accept or reject the application. But, as stated having no asset with you, your insolvency petition may be rejected by the Court. Further, once a person is declared insolvent by the Court, it adversely affects the person's fu ...ReadMore
Strong Legal Notice--Recovery of amount
My property's mutation is pending in Tehsil and my known relative came into knowledge and he said that he will get my work done from tehsil as he said that his close relative is a peshgar and it will
1 week ago
A. Dear client, one cannot file a complaint for illegal actions. Here bribing is an illegal thing and you cannot legally claim a remedy for the said money. But if you can change the subject matter to other thing like you giving loan to him etc then it can be legally enforceable to recover your amount.
Bajaj Fin Overdraft loan default
i had unsecure overdraft from Bajaj Finance. I was not able to pay it off. and then there collection agent came to my house and abused us. I have not paid them since (year 2020 onwards). Now they have
1 week ago
A. Dear client, if the court had issued a warrent then it is mandatory for you to go to the court. The court on hearing the both parties accordingly will make an order for attaching any property in payment of the debt amount. You can also plead for settlement of the debt in a certain period of time for specific amount if you can't pay the full amount.
A. Dear Client,
Under the CGTMSE Scheme, in case of borrower default, the Trust's liability is limited to the guaranteed portion of the defaulted amount, subject to certain caps. The lender must initiate recovery proceedings under due legal process and prefer a claim on the defaulted account. The Trust will honor 75% of the guaranteed portion initially, with the remaining 25% paid after recovery proceedings. The lender is responsible for recovery efforts even after the initial claim settlement. N ...ReadMore
Scaler Scam
I was enrolled in an online course offered by Scaler. The fee for this course was around 3 Lakhs. Scaler's salespeople approached me through my phone and shared all the details about this course. They
1 week ago
A. Dear client, you can file a complaint on the scaler for cheating under ipc and for mis-representing and entering into the contract and taking up the course. Another way is to file a complaint in consumer court for deficiency of services and mental distress caused by these companies.
Loan and online gambling
I lost my 25 lach as a part of loss and all money was taken from multiple bank what to do8
2 weeks ago
A. Dear Client,
The Information Technology Act 2000 regulates cyber activities and online gambling in India, but there's no explicit law making them illegal nationwide. Only Sikkim, Nagaland, and Meghalaya have gaming laws and licensing regimes. Different forms of gambling exist, including horse racing, lottery, skill games, casino gambling, online gambling, and sports betting. Violations may result in a fine of Rs. 200 or imprisonment up to 3 months.
Reporting cybercrime via the National Cyber ...ReadMore
US Crypto Platform Attempting Clawback from Indian Users After Bankruptcy
Hello everyone, I'm an Indian citizen seeking legal advice on a rather unique situation involving a US-based cryptocurrency lending platform called Celsius Network. Some context: Celsius filed for ba
4 weeks ago
A. Dear Client,
In certain situations, relying solely on advocates may not be the most effective approach. Instead, you can take proactive steps by sending representations directly to the concerned departments to seek justice. This could involve writing formal letters or emails outlining your grievances and requesting appropriate action. By directly engaging with the relevant authorities, you may be able to achieve a quicker resolution to your issue.
Credit Card
Hi Team, I do have a SBI Credit card where I was not able to pay the credit card amount due to my wife health issues and unexpected death of elder sister from last year August 2023. Last week on Frida
1 month ago
A. Dear Client,
Your description provides an accurate overview of the legal consequences a credit card defaulter may face and the subsequent recovery actions taken by the bank. The process typically involves marking the debt as Non-Performing Asset (NPA), initiating legal proceedings, and, in some cases, seeking attachment of the defaulter's salary.
Negotiating with the bank outside of court and expressing your financial constraints could be a viable option to explore. However, it's important to ...ReadMore
Personal Loan issue
I took a personal loan from HDFC Bank and paid regularly for 3 years. Now I lost my Job and am unable to pay I explained this to my bank but they are sending collection executives daily and harassing
1 month ago
A. Dear Client,
To address concerns regarding recovery agents employed by a bank, there are several avenues for filing complaints:
1. Local Police Station:You can file a complaint against the recovery agents at your local police station. Ensure to endorse a copy of the complaint to the concerned bank.
2. **Online Complaint:** Lodge a complaint against the loan recovery agents appointed by the bank online at [https://cms.rbi.org.in](https://cms.rbi.org.in) or by calling the helpline number 14440 ...ReadMore
