Bankruptcy and debts - business cattle loan
Bankruptcy and debts - business cattle loan
We have taken a business cattle loan without cattle or own house. How they IDFC BANK people gave loan for 1 lakh. October 2021 we got the loan we paid UpTo January but for February month we were una
1 year ago
A. Dear client,
You can send a legal notice asking them to waive the said 2 months, inspite of it if the Bank does not waive, then u will have to file a consumer disputes case for deficiency of services and mental agony.
Consult an advocate.
Hope it helps.
Letter to bank for settlement
I want to go for settlement of my credit card loan .
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
Possession of Property by Bank without serving notice & settlement time
Can Bank or District Magistrate seal a property against a home Loan due to a financial crisis without serving notice and informing the customer who said paid regularly major EMI to bank as long as fin
1 year ago
A. Dear Client
The Bank can do so only after sending a notice under SARFAESI Act and not without informing you through the notice. If the bank has not informed you then you can take legal action against the bank in the DRT.
Indebted to Moneylenders
Sir, My father is in a Government Job and he is struggling to come out of a debt trap as he has taken money from several moneylenders on high interest just to cover the interest of the other. He had a
1 year ago
A. Dear Client
You should humbly seek some extra time from the money lenders to pay back their money. Also, if you have given guarantee and security deposit, the money lenders will take action against you.
Hope it helps
Subhashis Paul
My account turned NPA and the bank took symbolic possession.
My account turned NPA and the bank took symbolic possession. And immediately without prior notice they auctioned the property and applied for physical possession from the DM. We got a stay on the auct
1 year ago
A. Dear Client
You should immediately take action against the bank authorities on such misconduct.
You should contact a good advocate of Honourable high court and put forth your concerns.
Hope it helps
Subhashis Paul
Harassment on Credit Card Loan
I am Prakash Shah, I had granted a loan of rs.100000 from SBI Credit Card during lockdown crisis, and paid the EMI till I had money in my pocket. I paid EMI till 15 months and after that I got into an
1 year ago
A. Dear Client,
If the due period is over then they will call as to be confirmed when are you going to return the money. And as you have stopped after a certain time. And if the due is not over then you can file a FIR in the nearest police station.
Securitisation Application
I recently bought Bank Auction Property for which I paid full amount. But after, Bank said that the borrower files SA against Bank in DRT. DRT granted time to borrower for full amount repayment. But i
1 year ago
A. Dear Client,
The appeal against an order of Recovery Officer to DRT can be requested within 30 days from the date of order. The Tribunals have to resolve the claim within six months. The appeal against the judgment of DRT can be made within 45 days only to DRAT(Debt Recovery Appellate Tribunal).
CGTMSE LOAN became NPA
In 2009 we borrowed around 18 Lacs(Senctioned 20 Lacs),in 2010 we borrowed 7.13 Lacs for 3 Embroidery machines only under CGTMSE scheme ,in 2013 we became NPA,UBI appealed to DRT,by 2013 we have paid
1 year ago
A. Dear client,
An auction can be canceled. The right to cancel or postpone an auction event is reserved for the owner, giving reasonable notice to both sellers and buyers, but it is only under extremely rare circumstances that this would happen.
Harassments by IDFC Bank People
My Employee taken loan Bnak people Calling me for loan payment
1 year ago
A. Dear client,
Legal Remedies available to defaulter in the case of harassment by recovery agents are as follows:
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.
An injunction suit against the bank and recovery agents: A civil injunction suit with an ad-interim relief can be filed in the civil court against the bank and recovery organization. It ...ReadMore
unable to pay my loan emi
i have business loan and 4-5 personal loan ,i regular pay my emi since may 2022 but some big amount hold by govt so i can not pay regular my emi ,i want some time 3-4 month hold my emi and herresment
1 year ago
A. Dear Client,
These are the legal Remedies available to defaulter in the case of harassment by recovery agents:
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.
An injunction suit against the bank and recovery agents: A civil injunction suit with an ad-interim relief can be filed in the civil court against the bank and recovery organization. It ...ReadMore
