Mr
Mr
Bread-winner in the family passed away due to covid-19. Wife home maker, 5 years old son and 62 years old mother are dependent. No other income. He has a homeloan from CanFin of Rs.40 lacs. Monthly
3 years ago
A. Dear Sir,
Normally the borrower will be insured at the time of advancing loan and the insurance company will pay of such loan amount. Please stay with such contention if bank files any case against legal heirs.
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Karthika
I have got education loan 2009 foe 3.5 lakhs. I morgaged my property. I did not complete my studies due to insufficient funds. So I haven't paid any of my loan amount. Now I m in a low paying job. The
3 years ago
A. Dear Sir
There are several circulars where in the government waived off educational loans of students who are unable to complete the education.
Please give me RANK FIVE (5) if my answer satisfies you
Ayantika Mondal @ Prime Legal
Sarthak Nayar
No Profit Paid from 7 months
My brother has taken 1.5 lakh and made agreement that he will pay monthly profit of 7500 but from 7 months he didn't pay anything and now he is saying that he has no money. I have 2 Post dated cheques
3 years ago
A. Dear Sir
You can bounce the cheque and file cheque bounce cases which is the easiest method to recover the money.
Please give me RANK FIVE (5) if my answer satisfies you.
Suneel Moudgil
Suneel Moudgil
Sarthak Nayar
Is hand loan agreement has expiry date? If it expired then how to collect lent money?
I gave ₹ 4.5 lakh money to a friend on 1st august 2019 wih a promise of returning money in month or before (31, august, 2019). We executed a ₹20 stamp hand loan agreement on 1st august, 2019 menti
3 years ago
A. You should file an FIR against him under section 420,406 IPC. There is no expiry of an agreement as the money has not been returned and the agreement is valid. If an FIR is registered against him then he will be arrested and that will put pressure upon him to settle the matter. Yes you can file civil case for recovery of money also against him but filing of FIR will be less expensive and quick result.
Sarthak Nayar
Satheeskumar V
Suneel Moudgil
NITHYANANDAN SUNDARESAN
Is hand loan agreement has expiry date? If it expired then how to collect lent money?
I gave ₹ 4.5 lakh money to a friend on 1st august 2019 wih a promise of returning money in month or before (31, august, 2019). We executed a ₹20 stamp hand loan agreement on 1st august, 2019 menti
3 years ago
A. Dear Sir
It will expire within 3years get file money recovery suit.
Please give me RANK FIVE (5) if my answer satisfies you.
Geeta Singh
Jagannath S Pawar
Debt collection
Dear sir/madam My friend requested money with the assurance of 1percent interest as their parents deal with financial business, I know him and his family from my childhood, so I borrowed 6 lakhs from
3 years ago
A. Dear Client,
As per your inputs you have lent near about Rupees 11 lakh rupees to your friend, first let me know do you have got any promissory note against the transaction or any written document that your friend borrowed from you or your relatives, in such case you can file a money suit in the court. else take police action against your friend.
DIYAVARHUSSAIN SHAIK
Need to recover maintenance fee from an owner of a apartment society
Hi, Need help who to recover maintenance fee from an owner who has settled in USA but not paying maintenance fees for her flat in a society. Can we send her legal notice? Also, apartment society is no
3 years ago
A. 1. you can serve him a legal notice through a lawyer to make payment of the outstanding amount along with the interest,
2. if payment is not made despite service of the legal notice, you can file a civil suit for the recovery of the amount,
3. you can claim the legal expenses also from the flat owner,
Suneel Moudgil
Debts
I have taken chits and private finance on interest now at present i don't have income, what is better to go for insolvency or can i get time upto 3 years to clear all dues.
3 years ago
A. Insolvency involves lot of expenditure it is advisable if your liability are more than 10 lakhs. Let them go to the court. you will get much time.
If my answer is helpful to you then please give my FIVE STAR
Money lending on 10 percent interest per lonth
I had taken 1 lakh from sumone and he is asking me 10 percent interest for one month which is troublig me. And he is harassing me if I do not pay him the interest on time. What should I do ?? Is 10 Pe
3 years ago
A. I have gone through your query in detail.
1) You are a Victim of Private Financer. You are paying 10% Monthly for 1 lakhs is exorbitant charges. You seem to be a educated person then too you have taken a loan @10% monthly is quiet surprising.
2) Due to the lockdown situation even the financial institutions such as banks and NBFC have relax the norms for repayment of the loans and other installments. This person is pressurizing you for money make sure that you record all his/her calls and SMS.
...ReadMore
Achintya Kr Mandal
recovery agent harassment day by day
unable to pay credit card dues payment
3 years ago
A. Dear Sir,
Please get issue a legal notice on the basis of following judgment.
Please give me Rank 5 if you feel my answer helped you.
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 ...ReadMore
Rameshwar Dadhe
