Loan
Loan
I take a loan 5000 rupees in indiabulls last year January 2020 for 6 months emi option. I had paid only 1 month emi and then start a lockdown no salaries and loss my job after completed lockdown I had
2 years ago
A. Hi,
Yes, in this particular instance, it is better to give them a detailed explanation for the matter at hand and why you have taken that step by drafting a legal notice in reply. mostly Indiabulls takes to mediation in such processes, you can reach out to the District Legal Service Authority near you in such matters.
Thank you.
Ayantika Mondal @ Prime Legal
Suicide threat
I borrowed money from a lady for 3% interest monthly. I paid interest without fail for four years. She is asking principle money immediately. Due to business loss, I am unable to run my family. I am s
2 years ago
A. Hello Client,
firstly don't interact with her without taking lawful help.
secondly, you must immediately lodge an FIR against her to your nearest police station U/s 383 of IPC for Extortion which defines that, Whoever intentionally puts any person in fear of any injury to that person, or to any other, and thereby dishonestly induces the person so put in fear to deliver to any person any property or valuable security, or anything signed or sealed which may be converted into a valuable security ...ReadMore
Ayantika Mondal @ Prime Legal
Resending query with more description & Seeking advise in case of guarantor for immovable property.
Dear sir/Madam, One of my relatives had avail loan 10 years ago from the cooperative bank for construction of commercial property for which I had signed as a guarantor. I believe that he was a consta
2 years ago
A. Hello,
Guarantor Discharged by Primary Debtor Release: According to Section 134 of the Indian Contract Act, the guarantor is relieved from its duties under a guarantee contract if the creditor and the primary debtor negotiate an agreement releasing the principal debtor. Yes, this transfer might be considered a breach of the original contract.
Thank you very much.
If you found the response to be useful, please let us know.
Ayantika Mondal @ Prime Legal
Ayantika Mondal @ Prime Legal
Money view loan in online
My sis was working in corporate we took loan from money view 50 thousand and we paid half and they gave us top up after getting top up for 1 lakh 4 thousand in hand they gave 75 thousand from the next
2 years ago
A. Hello
Ma'am you'll have to pay the loan back otherwise they could take legal actions against you. Although you have a option to go via the alternative dispute resolution process and try negotiating with company to settle with some lower ammount or reduce the emi.
Thanks
If you find this advice helpful please rate.
Ayantika Mondal @ Prime Legal
Seeking advise in case of guarantor for immovable property.
I am seeking to advise about the liability of the guarantor in case the bank has transferred property in favor of the Bank itself according to The Maharashtra Cooperative Societies Act 1960, under Rul
2 years ago
A. Hello,
Guarantor Discharged by Primary Debtor Release: According to Section 134 of the Indian Contract Act, the guarantor is relieved from its duties under a guarantee contract if the creditor and the primary debtor negotiate an agreement releasing the principal debtor.
Thank you very much.
Please rate the answer if you found it useful.
Ayantika Mondal @ Prime Legal
Seeking advise in case of guarantor for immovable property.
Dear sir, One of my relatives had avail loan 10 years ago from the cooperative bank for construction of commercial property for which I had signed as a guarantor. I believe that he was a constant def
2 years ago
A. Hello,
Guarantor Discharged by Primary Debtor Release: According to Section 134 of the Indian Contract Act, the guarantor is relieved from its duties under a guaranteed contract if the creditor and the primary debtor negotiate an agreement releasing the principal debtor.
Thank you very much.
Please rate the answer if you found it useful.
Ayantika Mondal @ Prime Legal
Sidhaarth S
Personal loan of Axis bank
Since April 2021 I cant able to pay my EMI due to non payment of salary for lockdown (loan amount Rs 624000/-) and requested bank for moratorium, already bank had started providing moratorium physical
2 years ago
A. Dear Sir,
Since it is a personal loan if you have no amounts then you need not approach Lok Adalath for settlement. Let this Bank approach Arbitrator or Civil Court for recovery of the same then you can raise all your defenses.
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Ayantika Mondal @ Prime Legal
My credit card loan gone NPA.
My credit card loan gone NPA. My services were terminated on unjust grounds and I have filed a legal case against them in labour court.I am a bachelor. I want to know whether loan repayment liability
2 years ago
A. Unless your parents/ father/ family stood as guarantor, there is no eventuality to fasten them with any such obligation, under the law. And assuming you narrated the complete transaction, I also do not see any undertaking or assignment of loan took place either. Hence, obligation on your family does not arise. However, the liability will remain vis-a- vis your 'personal assets', unless you have proceeded for Bankruptcy. Finally, please be informed that your institution of a legal case in labour ...ReadMore
DB Law Offices
Loan taken from Zestmoney but loanee is dead, who will pay the debt?
मेरे भाई ने ZESTMONEY से 1 वर्ष के लिए 28 हजार का ऋण लिया था जिसका 4 या 5 EMI का भुगतान भी कर
2 years ago
A. Since the loan was taken by your brother and not you or your family so your are not responsible to repay the loan as per the law. If they call and harass you lodge a police complain against them for harassment.
ऋण आपके भाई ने लिया था आपने नहीं इसके लिए आपको ऋण चुकाने की ज़रुरत नहीं नहीं है। आपके भाई के मौत के साथ ऋण भी समाप ...ReadMore
SARFAESI act and CERSAI registration
i was a director of a pvt ltd company ,this company given their only property of 11 cents and a building as collator security to a scheduled bank , for Another company owned by many persons ,
2 years ago
A. Dear Sir,
Without such registration there is a legal lacuna and you can fight on that ground and seek cancellation of such public auction. To get more effective advise you have to share more details with any of the legal experts who are nearer to you.
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