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Dear Client,
As per Section 38 of the Civil Procedure Code, a decree may be executed either by the court that passed it or by the Court to which it is sent for execution and according to 39(1) of CPC, the Court that passed a decree may, on the application of the decree-holder, send it for execution to another Court of competent jurisdiction, a) if the person against whom the decree is passed actually and voluntarily resides or carries on business, or b) personally works for gain, within the loca

Dear Client,
Once a cybercrime scam involving suspicious or fraudulent transactions is reported online to the National Cyber Crime Reporting Portal(NCCRP), on the instruction of the Cyber Crime Cell, the investigating team starts the routine process of investigation immediately and on the instruction of Cyber Cell, the Bank freezes the suspected accounts of fraudsters and the victim's Bank account putting a lien on it and you have to wait for the completion of the investigation of the scam by t

Dear Client,
In the given scenario, you may negotiate or settle your dues against loans by following the steps like lowering your interest rate, arranging for a reduced interest rate is one of the most common requests a defaulter borrower can make to the lender, creating or restructuring a repayment plan or extending the tenure of repayment of a loan, looking for debt forgiveness. considering loan consolidation, offering a one-time settlement payment. But all your attempts solely depend upon th

Dear Client,

Yes, your friend may be eligible to file for insolvency under the Insolvency and Bankruptcy Code (IBC) for individuals in India. Insolvency is a legal way to declare financial inability to pay off debts, and it provides a way for the individual to either restructure the debt or discharge some or all of it under court supervision.

Your friend will need to file an application with the Debt Recovery Tribunal (DRT), stating his financial position and inability to pay off his debts.

O

Dear client,

If you don’t pay your credit card debt, several consequences can arise. The bank may impose late fees and increased interest rates, which can further inflate your total debt. Additionally, your credit score will likely suffer, making it harder to secure loans or credit in the future. HDFC Bank may also transfer your account to a collection agency, leading to persistent efforts to recover the owed amount. While they may send legal notices and could potentially file a case against

Dear Client,
Until and unless you are convicted by a Court of Law for a criminal offense involving moral turpitude, it will not affect or impact your eligibility or selection for the Civil Services Examination. Wish you the best of luck.

Dear Client,
Credit Card eligibility for students is typically their age since they don't have a monthly income or credit(CIBIL) score. The minimum age to avail of Credit Cards is usually 18 years. However, the eligibility criteria can differ across banks and credit card issuing companies. To apply for a secured credit card, add-on card, or student credit card, income proofs are not needed. However, some banks might be willing to give you a standard credit card if you are a student with a stable

Dear Client,

Hope this reply answers your query, as you did not pay your personal loan and credit cards, bank has an option to take against you. But, you can ask for extention of such payment on your part explaining them about your financial situation. They can sue you for the same and can proceed accordinly with court orders.

Dear Client,
In India, the legal framework for dealing with defaulted education loans is governed by the Negotiable Instruments Act of 1881. According to this act, if a borrower fails to make payments for more than 180 days, the lender has the right to take legal action under Section 138 of the Act. Lenders typically classify borrowers as either “wilful defaulters” or those facing unavoidable circumstances. A wilful defaulter is someone who intentionally avoids repaying their loan despite ha

Dear Client,
A person is personally liable for debt availed of from a financer and legally, there is no escape route to get rid of that liability. The financier shall take its own course of legal action to recover the debt from the defaulter. 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