Loan recovery
Loan recovery
I took a loan of 1lac , 1 year back and paid only 6 EMI out of 12 due to some financial loss and now want to pay remaining EMI with resettlement of loan of pending amount. Company has bounced given ad
4 years ago
A. Dear Sir,
It is happening so in many cases as borrowers give blank cheques to the financial institutions. You may produce all the evidences having paid six EMI’s and get a reduction at the time of getting judgment.
Please contact me through the administrators of this website.
Sandeep Pingale
Jagannath S Pawar
FRAUDULANT ACTION OF A LAWYER/ADVOCATE
WHAT ACTION CAN BE TAKEN AGAINST AN ADVOCATE WHO IS PLAYING FRAUD
4 years ago
A. Dear Sir,
If you have concrete evidence then you can lodge a complaint with the secretary of Bar council of your State and they will initiate disciplinary action against him under the provisions of advocate’s Act.
Please take PAID phone call with me through VIDHIKARYA and get more legal guidance.
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.
4 years ago
A. Dear Sir,
You can file as per following procedure but it is costlier.
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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
NON REPAYMENT OF BORROWED MONEY
SOMEONE HAS BORROWED 50000/ TWO YEARS BACK, NOT REFUNDING. CAN I MAKE COMPLAINT/ FIR N POLICE STATION? WHAT WILL BE THE RELEVENT SECTIONS OF IPC.
4 years ago
A. If you have evidences for the same,
Do send that person a legal notice providing him a stipulated time period to repay such amount, failing which, you can file a suit for money recovery in the civil court having jurisdiction to try your matter.
Thanks
Shreyash Mohta
Biswajit Das
vishnu Prasad V
Rameshwar Dadhe
Recovering money from a person legally
Dear Sir/Mam, A person took Money from me ?10,000 for an item he had to sell to me. After receiving the amount (through UPI) he did not reply to me for 2 weeks. After 2 weeks he threatens to neither
4 years ago
A. Issue a legal notice and thereafter file a suit for recovery of money.
Shreyash Mohta
Rameshwar Dadhe
DEBTS
My father had an ancestral property shared by three brothers. Five years ago, he came out with some debt and he sold his share of property to his brother to clear the debts. With the remaining amount,
4 years ago
A. Dear Sir,
The description given by you is so lengthy, please make it short and re-submit, as experts have no time to spare as this is free and charity work.
Shreyash Mohta
Rameshwar Dadhe
I have paid the emi pending
I have paid my EMI to NBFC i took Personal loan and its a regular practice as i pay on a later day they send me email that my EMI is not paid for Last 3 months added and asking me to pay immediately.
5 years ago
A. Dear Sir,
In recent days such instances are more. Please share your details with local lawyer.
Rameshwar Dadhe
debt
hello sir.my husband take money from one person on int 8% per lakh n his frn take my sign on notery paper.our buisiness have some leagle problems.so my husband dont able to give him money.n i also do
5 years ago
A. Dear Ma'am
First there is no need of worrying, as no criminal complaint is maintainable against you. So, no question of arrest or police lockup arise here.
Secondly, he cannot lend any money to you on interest until and unless he is licencee under the Money Lenders Act.
Thirdly, if he uses the said notarised paper against you and file a suit for recovery, we can defend the same.
Thanks
Harsh Vardhan
Shreyash Mohta
legal notice gor lending money
i had lending some money to my friend and his brother too without any written documentation,now i want to send the notice for both about that...anyone please advice us.
5 years ago
A. Sir issue a legal notice to them for the same.
If they fail; to comply then you can file a suit for recovery of money Given you case there is no documentation it will be difficult to show that you have lent money or not.
You need to create an alibi which shows that some documentation. Be it false or Genuine just to make you case strong.
Thanks
Shreyash Mohta
Shreyash Mohta
Rameshwar Dadhe
not closing of loan account and issuing NOC after debt payment.
I had a mortgage loan from AU Small finance bank worth Rs.1140000/- 12 months back but due to some economical problem unable to repay the EMI and the interest was accumulated with penalty the total am
5 years ago
A. Issue a legal notice to the bank demanding NOC and loan closure as per settlement and if the do not consider you may file a consumer case or file application u/s 22c of Legal Services Authority Act before the Permanent Lok Adalat in your Jurisdiction.....Although you can file also a S.A in DRT but it wil be expensive.......and tribunal shall stick primarily to the loan agreement writeen terms.
Chinmoy Patra
