Education Loan Education Loan

I have taken a loan (55 lacs) to study in the US. But due to the pandemic, I was not able to secure a decent job and now cannot renew my work visa. I did not put any mortgage towards my loan. I have c

5 Response(s)

Posted 7 months ago


A. Hi,
Since you have not given any security so the bank cannot seize it and pressurize you but they will follow the legal procedure and send you legal notices and then initiate a suit against you. So you will have to return the money since there is no option for waiving off a loan.

If you find this answer helpful please rate my answer. Thank you.

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Latest Response 7 months ago
Ayantika Mondal @ Prime Legal

Ayantika Mondal @ Prime Legal

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Aakash Sharma  And Associates

Aakash Sharma And Associates

Loan /emi Loan /emi

My friend took a loan from online loan badabro app and initial amount is 6000 and intital he used to pay but because of crisis he can't pay and they sent legal notice to all the contacts in phone and

6 Response(s)

Posted 7 months ago


A. sending legal notice to all is defamation.
these are all Chinese apps banned by RBI.
complaint to police.

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Latest Response 7 months ago
Ankur Goel @ Complete Law Shield

Ankur Goel @ Complete Law Shield

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Ayantika Mondal @ Prime Legal

Ayantika Mondal @ Prime Legal

Regarding property Regarding property

I payed 11 lakhs Rupees via NEFT to a property dealer in September 2016 which was a partial payment for buying a property.He said it will take time to transfer property and he gave me signed cheque of

8 Response(s)

Posted 8 months ago


A. Dear Sir
You may use it by entering necessary details and get it bounce then file cheque bounce case under section 138 of NI act thus you may get your money back.

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Sidhaarth  S

Sidhaarth S

Ankur Goel @ Complete Law Shield

Ankur Goel @ Complete Law Shield

Ayantika Mondal @ Prime Legal

Ayantika Mondal @ Prime Legal

Bajaj Finserv Representing Cheques despite NOC and full payment Bajaj Finserv Representing Cheques despite NOC and full payment

I took small loan from bajaj finserv few years back and 2 cheques got dishonoured. i paid the full amount in february, still they are re-presenting my ECS cheques and it is charging my bouncing charge

6 Response(s)

Posted 8 months ago


A. U file consumer complaint against finance company and in this matter u can cont me for help, if u like my ans PlZ rate my ans, thanks

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Ankur Goel @ Complete Law Shield

Ankur Goel @ Complete Law Shield

Ayantika Mondal @ Prime Legal

Ayantika Mondal @ Prime Legal

Lender not providing correct information to CIBIL Lender not providing correct information to CIBIL

I had a personal loan from a private company called Stashfin. When I took the loan in 2018, 2 accounts reflected in my CIBIL report: One is Akara Capital (Stashfin) and another is DMI Finance (they sa

5 Response(s)

Posted 8 months ago


A. Send legal notice with help of Lawyer
then you can file a civil suit for fraud and misrepresentation of facts.
You can also file FIR for fraud under Section 415 of IPC.
You can also file consumer court case for compensation.

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Latest Response 8 months ago
Ankur Goel @ Complete Law Shield

Ankur Goel @ Complete Law Shield

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Sidhaarth  S

Sidhaarth S

Ayantika Mondal @ Prime Legal

Ayantika Mondal @ Prime Legal

money money

I am a yoga teacher and getting client through a contractor through whatsapp and call . He was receiving money on my behalf and giving to me after his cut. Now from the last two months he is not pick

4 Response(s)

Posted 8 months ago


A. Hi,
You can lodge a complaint u/S 415 IPC for cheating and defrauding you. The contractor is also liable to be charged for cheating under S.66D of the IT Act.
If you found my answer helpful then kindly rate me.

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Latest Response 8 months ago
Ayantika Mondal @ Prime Legal

Ayantika Mondal @ Prime Legal

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Ankur Goel @ Complete Law Shield

Ankur Goel @ Complete Law Shield

LOAN RECOVERY HYDERABAD LOAN RECOVERY HYDERABAD

I HAVE GIVEN LOAN 400000 TO ONE PERSON DTD 02.10.2018, ,100 RS BOND PAPER ALSO SIGNED,IN BOND PAPER INTREST NOT MENTIONED IN THE BOND PAPER,AND 2 CHEQUES ALSO TAKEN,AND ONE PROMISORY NOTE ALSO WRITTEN

3 Response(s)

Posted 1 year ago


A. Hi, send him a legal notice with lawyer help all other steps will come later.

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Latest Response 1 year ago
Pankaj Kumar Srivastava

Pankaj Kumar Srivastava

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Suneel  Moudgil

Suneel Moudgil

Best way to secure an unsecured loan - party is ready for legal agreement Best way to secure an unsecured loan - party is ready for legal agreement

I have given around 60Lakh to my friend on mutual understanding for his business (1 year ago). He suppose settle my money march 2020 but recently he had huge losses in his business so asks for more ti

7 Response(s)

Posted 1 year ago


A. Hi client,
As the amount is a huge one. You should have an agreement for sale or at least an MOU done . It is better that you consult an advocate immediately.
Thanks and Regards

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Ayantika Mondal @ Prime Legal

Ayantika Mondal @ Prime Legal

Suneel  Moudgil

Suneel Moudgil

BANKRUPTCY BANKRUPTCY

Dear Sir, I have taken personal loans and put that money in stock market. All the money is lost in stock trading. Can i file bankruptcy in this case.

2 Response(s)

Posted 2 years ago


A. Dear Sir,
You can file as per following procedure but it is costlier.
================================================================
The Insolvency And Bankruptcy Code, 2016 - Key Highlights


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 le ...ReadMore

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Education Loan Education Loan

My son had taken education loan of 7.5 lacs for his education in the United Kingdom. He completed his studies but had to come to India as his visa was not renewed. He did not get a suitable job and ha

5 Response(s)

Posted 3 years ago


A. You are in dangerous situation. Your son who is major also liable. Get insolvency certificate.

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