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Saurabh Khadke

I have taken bike loan for some reasons I couldn't pay it so they took my bike and sold it now they are asking for outstanding money what should I do. I don't have enough money to pay them and why sho

Posted 2 weeks ago


A. Once you take a loan then you need to repay the loan. Speak to then and try to reach out to some settlement asking them to reduce the amount that they would have got after selling the bike and rest you can pay them in installments.
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Anonymous

I started a business and my friend helped in investing certain amount approx 4 Lakhs and business went on loss where we tried doing 4 projects, Investing to Dialer, Voip & Data for calling USA for Bra

Posted 2 months ago


A. You should not have started a business without having proper documents and agreement. For want of these docs you may to bear all loss to yourself and pay him back the money. What you can do is get in touch with a lawyer and prepare an MoU signed by you and him wherein you say that you will pay the amount gradually and he should not trouble you.
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Anonymous

Is it compulsory to appear with lawyer at Lok Adalat or I personally can appear also

Posted 2 months ago


A. Hi,
1) You can personally appear, there is no hard and fast rule concerning appearing with a lawyer.
2) However, a lawyer can help you put forth your grievances and the remedy you seek in an articulated manner and can also be beneficial in handling the procedures and other work at the Low Adalat.
If you like my answer, then please rate me.
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Anonymous

I've given 5 lakhs to a known person two years back and he has signed a promissory note (duly signed by him). He wanted that money to construct a School and also for his Son's marriage needs. As I am

Posted 2 months ago


A. Hi,
It is unfortunate that the person whom you have given your money too has absconded. However, since you have a promissory note which is valid, you can get your money back by approaching the court and filing a money suit. This will help you get your money back
if you like my answer, then please rate me
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Can directors be personally liable in a nidhi ltd company. They collected FD deposit from public and malpractice it.

Posted 4 months ago


A. A directors liability is limited to the share that he has subscribed to the company whether it is nidhi limited company or private limited company. But if a company engages into a criminal or fraudulent activity, like satyam computers, then the liability of the directors are unlimited that means the directors will be taken to custody and the case will be opened against them too.
If the Directors knew about the malpractices or authorized the malpractices then they will go behind the bars.
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My Brother's Property (purchased by Dad 25 years before) is on Home Loan Mortgage with Dad as guarantor. Brother went absconding and there is no way to reach him. Dad is paying the EMI for the loan

Posted 4 months ago


A. Dear Sir/ Madam,
First go to the police station and receive a declaration from the police station that your brother cannot be traced then report the same to the bank and wait for their reply. If the reply is useful you can proceed with it or else just stop paying the EMI and let the bank proceed with their course of action
If you find this useful please rate me
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Poornachander Rao Shanthamraju

Banks are behaving in a rude and aggressive manner in collecting the bills/EMIs. They are not even concerned about customers situation. They are threating in all possible ways. Do the COVID hit people

Posted 5 months ago


A. As the banks are behaving in a rude and aggressive manner in collecting the bills/EMIs don't pay them any EMI, What is the BRUTAL ATTACK by the banks ..please explain ....U can also attack back....in a legal way.

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. Hope thi ...ReadMore
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My father was government employees he has taken 125000 by signing demand promissory note. My father was expired recently me and my mother as legal heirs we claimed all settlement amounts from his offi

Posted 5 months ago


A. Hi there
The liability of legal heirs for the inherited debts is not the same in all situations. So, a legal heir may not be legally obliged to repay all the amount that was taken by the guardian
Thank you. Kindly rate the answer
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Anonymous

On an average how much will be the Civil lawyer fee to send a legal notice for loan recovery .... ?? lawyer has to send legal notice in his/her letter head.... !!! loan principal amount was- 1.5 lak

Posted 5 months ago


A. hello Sir,
The cost completely depends upon the Laywer you are hiring. The Fee depends upon various factors so nothing is fixed. So, just contact the lawyer.
Thank you.
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Anonymous

I want to settle my personal loan with bajaj I am asking 50% waiver of the principle amount Is it possible

Posted 5 months ago


A. No, principal amount cannot be waived.
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