Bankruptcy and Debt I had credit card outstanding Rs. 4Lacs, which I am unable to pay due to job loss, bank approached for settl ET ement to 2 lacs, which also I couldn't pay. I am finding very diffic ...
Please do appear and also file a bankruptcy and insolvency case.
i have stood as co borrower for Car loan for My colleague living in same city at one place, now he resigned and shifted to other place. i want to withdraw as Co borrower for car loan , loan is disbu ...
Dear Sir,
You have taken a wise decision. Get issue a legal notice and withdraw.
Other Responses
Hello one of my friend borrow money from me and I had made memorandum of understanding he also signature on it along with his copy of pan card. But now he denies to pay money by giving some excuses li ...
Send a legal notice and then file a money suit. You have to pay Court fee depending upon the amount claimed.
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Dear Sir, I just want to know if someone loose his case in Honable NCLT Court , can he file money suit in civil court even when NVLT orders against him
Sir/Madam
Companies Act,2013
u/s 430 - Civil Court Not to Have Jurisdiction Notified Date of Section : 01/06/2016
430. No civil court shall have jurisdiction to entertain any suit or proceeding in respect of any matter which the Tribunal or the Appellate Tribunal is empowered to determine by or under this A
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In 2016 i bought a bike on EMI but due to some circumstances i was not able to pay loan amount and now when I checked my cibil report i found that the status of my bike loan is showing as suit filed w ...
Dear Sir,
Now, you are free from that liability as loan was legally written off. Better share the relevant documents for more guidance.
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Dear Sir/Madam, I bought an under construction apartment and the construction has been going on for a long time. Recently, an insolvency resolution process has been initiated. Because of this IRP, my ...
Dear Sir,
To be in safer zone you must oblige and file necessary forms to get compensation etc.
I tooks loans over last 2 years And lost all money in online gaming .. Now don't have money to repay can I file bankruptcy .. Have 5 credit cards And 5 different loans of total valy 30lacs Please ...
If you do not have the money then you can surely file an insolvency and bankruptcy suit.
Thanks
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i am sanjay my father had a personal loan from a bank of 50000 rs. he died five years back. i am unemployed and my mother is handicap blind. we have very low anual income. we can hardly sustain our b ...
As for question 1
Yes the bank can auction the property if the same was given as collateral against the private loan taken by your father who is no more. If the property was not given as security or collateral then the bank has no rights.
As for question 2
Yes. [The bank has the rights to waive off your loan]. However no bank would actually do that so they might allow you to repay the loan amount in very small installments taking into consideration your financial status. OR ELSE, they might
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ii have given a cheque for buying a land @ Rs 700 per sq ft during 2012 During 2015 he say the rate is Rs 900 per sq ft I told to give back my money and not ready for ypur option on the same day till ...
Dear Sir,
You have to get issue a legal notice and file suit for recovery of money with interest, advocate fee and expenses as they violated the conditions.
Other Responses
I have availed a loan from a bank and have been paying them regularly. I got laid of in the month of Jan butninstill paid all EMI till April,however i could not manage it for this month and I still do ...
Dear Sir,
You may get issue a legal notice on the basis of following judgment.
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ICCI Bank Limited vs. Prakash Kaur case,
The Supreme Court in a landmark judgement reiterated its earlier stand that banks cannot deploy musclemen for recovery of loans from defaulters thus forcing them to end their lives.
"We deem it appropriate to remind the banks and other financial institutions that we live in a civilised country and
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