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icon Business partner is sending the lawyer notice

Hi , my father is passed away last year. He has a business with his friend. They have kind of transaction internally that our family don't know. Now this business partner is sending the lawyer notice


A. Dear Client,
In case your deceased father issued the post-dated cheques to his business partner against the business loan in the capacity of a partner of the partnership firm, the surviving partner needs to inform the creditor/lender about the death and provide a copy of the death certificate. If the living partner of the partnership business does not service the debt, the lender can take possession of the collateral or enforce the security of the partnership firm. In the case of unsecured debt ...ReadMore

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icon Refund of lease amount

Property management company is not returning my lease amount as aggreement with land owner is ended


A. Dear Client,
Unless it is specifically stipulated in the Lease Agreement and complied with, the security deposit is refundable by the Lessor to the Lessee on surrender of vacant possession of let-out premises after the lock-in period serving two months advance notice to the Lessor. A dispute between a tenant and landlord is resolved under the state-specific Rent Control Act under which a Rent Controller or Addl Rent Controller is appointed to deal with the dispute arising out of a rent agreemen ...ReadMore

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icon Service Agreement chk

Can someone check Service Agreement with a debt settlement company?


A. Dear Client,
Before agreeing with a debt relief company or agency, an agreement for debt settlement needs to be verified by an Advocate practicing in Debt Recovery Tribunal or by a certified credit counselor. But, it may be noted that while there are legitimate debt relief/settlement companies, there are also many scam operations. So, if you're considering one, the Consumer Financial Protection Bureau(CFPB) suggests for contacting your state attorney general's(AG) office and local consumer prote ...ReadMore

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icon Loan npa

I have three loan account in a one bank credit card personal loan or mortgage loan in 3 out of 2 npa cc or pl mortgage loan regular but bank told all accounts npa due to pl or cc it's possible . Tel


A. Dear Client,
Firstly, you need to contact the concerned bank manager or loan recovery agent and inform them about your financial situation. Further, you can ask for an extension in time for the payment, restructure of the repayment plan, or alternative methods for repayment. You can also offer offering to pay around 25% to 30% of the outstanding balance in exchange for forgiveness on the remaining amount. The officers will be able to assist you and provide you with the necessary alternatives. If ...ReadMore

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icon About Mpokket loan

I don't have money to repay the mpokket loan, what should i do? Can i have any other way


A. Dear client

What you can do is request them to restructure the loan and make the EMI smaller so that you can pay the loan in smaller instalments and avoid the loan being NPA.

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icon Education Loan

I enrolled simplilearn course last year and their manager promised that I can access the course for more than one year and they will help with the job assistance and for that I have to pay 1,10,000 in


A. Dear Client,
You can contact Simplilearn's Grievance Redressal Portal to address complaints about their online learning programs. You can also send an email to the Grievance Officer at [email protected]. and seek a refund of the amount and cancellation of the course. Further, you can send a legal notice to them about the same. In case of inaction, you can file a consumer complaint against the company before the District Consumer Forum for deficiency of services and unfair trade ...ReadMore

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icon Regarding surity and stay of execution

Hello sir, I and 2 others have put a surity signature to a person in 2012, but since he did not cleared the loan amount, the amount is being deducted from my job, I am a government teacher and my sala


A. Dear Client,
The guarantor of the loan has similar liabilities as that of the borrower and is responsible to repay the loan amount. Section 128 of the Indian Contract Act, 1872 provides for the surety’s liability and states that the liability of the surety is co-extensive with that of the principal debtor. The Supreme Court in multiple judicial pronouncements has emphasized that surety of a loan is liable to pay it if the debtor fails to clear it. It has also ruled that the creditor has a righ ...ReadMore

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icon Recovering Loan given to a Friend

I gave a loan of Rs 5 lakh to a friend's business firm in Feb 2021 and got that documented in one notarized loan agreement. It was for a period of 1 year with 2% rate of interest pm. As a security he

3 Response(s)

2 months ago


A. Dear Client,

When a person issues a blank cheque without specifying a date or amount, the recipient can fill in the details and present it for encashment. If the cheque bounces, the holder can file a criminal suit under section 138 of the Negotiable Instruments Act within three months from the presentation date. The Supreme Court ruled in the Sripati Singh v. State of Jharkhand case that a cheque issued as security in a financial transaction can be presented for payment if the agreed repayment ...ReadMore

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icon Credit card payment

Legal advocate from bank side contacting me and threatening like pay your bill now or i will file a complaint later tou should deal this with court. How can i deal this case

2 Response(s)

2 months ago


A. Dear client, if you haven't paid the credit card bill they will impose penalty and charges over you due. If you are not paying after months then they can file a case on you for the outstanding amount. If you are unable to pay you can settle this matter amicably by discussing the terms of OTS- one time settlement with certain percentage of total amount.

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icon Joint account Chaque with minor signature only

I lend 2.3 lakhs to someone and for security he gave me a blank chaque with only signature but the problem is it’s a joint account chaque and the person gave me chaque is minor in that joint account

2 Response(s)

2 months ago


A. Dear client, both members must sign a cheque for a joint account. A minor can write a check, but it must be countersigned by a parent. A minor account holder can use a chequebook to withdraw money from their account, but they cannot issue or draw a cheque in favour of a third party. If a minor gives a cheque and it has been dishonoured, the legal guardian who is a joint holder of the minor's checking account is liable under Section 138 of the Negotiable Instruments Act, 1881.

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