Money lent to a friend
Money lent to a friend
I gave money to a friend to invest in his business. He promised an investment certificate and eventually returns. He is now not giving the certificate and is refusing to return the money. What can I d
8 months ago
A. Dear client,
If you have lent money to a friend and they have not repaid the amount as agreed, you may be able to recover the money through legal means in India. Here are the general steps you can follow:
Send a demand letter: You can start by sending a demand letter to your friend asking them to repay the money they owe you. The letter should clearly state the amount owed, the terms of repayment, and a deadline for repayment.
File a civil suit: If your friend does not respond to the demand lett ...ReadMore
Mpokket Loan repayment delayed
My loan is over due from last 304 days, i am committed for the payment but cannot managed due to the financial condition, as from last 10 to 11 month was too horrible due to the medical expenses for D
8 months ago
A. Dear client,
The following legal remedies available to defaulter in the case of harassment by recovery agents:
Filing a complaint at the police station:
A proper complaint should be filed against the Bank and the recovery office. However, if the police do not file a complaint, the magistrate can be approached.
An injunction suit against the bank and recovery agents:
A civil injunction suit with an ad-interim relief can be filed in the civil court against the bank and recovery organization. It ...ReadMore
Money lending to a friend
HI, I lend some money to a friend and now he is unreachable. Since he is a friend there is no check or guarantee except the transaction history This happened in Kerala, and right now I'm abroad for
8 months ago
A. Dear Client,
In the absence of any documentary evidence or proof supporting your claim for a refund of money lent out to your friend, you may not be able to recover the money from your friend even through litigation before the Court which is also a time-consuming process and expensive too.
Is it worth to get my money back or should I accept my loss
A friend took 7000 from me in 2017 & has not returned the money since. Recently an AC Vendor took 5000 from me as advance but has not given the AC. So in total I am at loss of 12000. Should I fdil
8 months ago
A. Dear Client,
Claim against your friend for Rs.7000/- is barred by limitation now and would not be admitted because a claim is required to be filed within two years from the date of cause of action before the Consumer Court. As regards your advance to AC Vendor that you paid recently, you can file a Complaint u/s. 35 of Consumer Protection Act, 201 before the Dist. Consumer Commission claiming refund of advance and compensation for harassment.
Can i harm with the recovery agent by banks for missing 1 emi if they visit home
What will happen if I beat the crap out of the bank collection agent who is banging and threatening me and my family in calls . Like break his jaws or elbow. I mean they have threatened so in self def
8 months ago
A. Dear Client,
In case of default in repayment of any loan as per the condition of repayment, Bank/FI takes a routine course of action permitted under relevant laws for recovery of debt lying outstanding against you. Both Supreme Court and Regulatory Authority, RBI issued orders/advisories refraining Bank/NBFC strictly from taking any coercive or forceful action deploying the recovery agents to recover the dues from the defaulter loanee. Being a defaulter of a loan, in case you are getting such k ...ReadMore
Harrassment for delay in interest payment for a couple of days
I borrowed money from a lender which was known by my friend. From 4 years i am paying interest every month and if sometimes there is a delay for couple of days they are harrasing like a hell. Please t
8 months ago
A. Dear client,
The offence of money laundering is punishable under Section 4 of the Prevention of Money Laundering Act. It states that anyone found guilty of money laundering faces a three-year prison sentence, which can be increased to seven years, as well as a fine. Sections 48 and 49 of the Act authorise personnel of the Directorate of Enforcement to examine cases of money laundering that are reported to them. If you are experiencing harassment as a result of a lender's toxic behaviour, you may ...ReadMore
Loan recovery
My son has taken loans from random mobile apps they are charging heavy interest and now he is not able to pay all those loans so the the loan ppl are threatening him that they will send his nude photo
8 months ago
A. Dear client,
If your son is getting threatened,
The following legal Remedies available to defaulter in the case of harassment by recovery agents:
Filing a complaint at the police station:
A proper complaint should be filed against the Bank and the recovery office. However, if the police do not file a complaint, the magistrate can be approached.
An injunction suit against the bank and recovery agents:
A civil injunction suit with an ad-interim relief can be filed in the civil court against the ...ReadMore
ICICI abuse
Hello Sir, I Thudi Anvitha Reddy, a resident of Medipally. As soon as I graduated I have secured a job at Amazon, as part of Onboarding we needed a salary account, There were few bank personals and I
8 months ago
A. Dear client,
Under the Indian Penal Code, bank harassment can be punished under several sections. Section 506 deals with criminal intimidation, and anyone who threatens another person with injury or harm can be punished with imprisonment for up to two years or with a fine, or both. If the threat is to cause death or grievous hurt, the punishment can be imprisonment for up to seven years. In the context of bank harassment, a bank employee who threatens a customer with legal action or harm may be ...ReadMore
Byjus not refunding.
Byju's not refunding the amount after cancellation of the course. I also complained to the consumer forum.
8 months ago
A. Dear Client,
When you already filed a complaint against Byjus before the consumer forum, they you have to wait for an appropriate order/direction from the Consumer Court base on merit in your claim to get back the refund of fees from Byjus along with compensation for harassment.
Byju's not refunding the amount.
I've taken byju's premium course two months ago. But not satisfied with the recorded lectures. Right after just 3 days I told to cancel but they are not responding. So, I complain in the consumer foru
8 months ago
A. Dear client,
Please complain to the consumer redressal forum again and get your disputes addressed. Please file a complaint under section 35 of the Consumer Protection Act
