Dear Sir,
The provisions of Bankruptcy and insolvency Act may be used to get relevant certificate. The highlights of the Act are as follows followed by a link.
KEY HIGHLIGHTS
1. Corporate Debtors: Two-Stage Process
To initiate an insolvency process for corporate debtors, the default should be at least INR Ten lakhs which limit may be increased up to INR Ten lakhs by the Government). The Code proposes two independent stages:
Insolvency Re ...ReadMore
Please get issue a legal notice on the basis of following judgment.
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 are governed by the rule of law," a bench comprising Justices Tarun Chat ...ReadMore
2) Your mother is liable for the debts occurring on the shop including the loan amount. Not paying is not an option, and you should start arranging funds if you want to keep the shop.
3) Contrary to what has been stated above, you cannot ...ReadMore
If you realize my professional skills, the time & efforts put in by me needs to be truly appreciated, and then Please “CLICK MY LIKES/ THUMBS UP/GIFT” button shown below this reply format & als ...ReadMore
If you realize my professional skills, the time & efforts put in by me needs to be truly appreciated, and then Please “CLICK MY LIKES/ THUMBS UP/GIFT” button shown below this reply format & also CLICK/ WRITE a “REVIEW” in 5 star as I have answered your query in detail ...ReadMore
It is civil case and they can approach the Court. Get issue a strong legal notice or file a suit restraining them from interfering into your private life and defaming you.
2) Negotiate payment plans, and one time settlement with the lenders.
3) you have not paid the amount due to them , and it is best to avoid lengthy legal battles when you can.
4) engage an Advocate to conduct negotiation on your behalf.
Regards
Adv Shreesh Chadha
If you realize my professional skills, the time & efforts put in by me needs to be truly appreciated, and then Please “CLICK MY LIKES/ THUMBS UP/GIFT” button shown below this reply format & also CLICK/ WRITE a “REVIEW” in 5 star as I have answered your query in detail. Do show me the entire set of documents & I shall ...ReadMore
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