sarfasi act
sarfasi act
what the flows for 13(2) and 13(4) notices which can help to borrower
10 months ago
A. Dear Sir,
The said provisions are very serious in nature and empowers the Bankers. If such notice is issued to you approach Debt Recovery Tribunal and try to get a stay order.
My debtor becomes insolvent
My one of debtor didn't pay my 40000 ruppees and inspite of that they used to bulling and harrassing me..
10 months ago
A. Dear Sir,
You may approach the Police and lodge a complaint and request them to register FIR and also request them to get amount recovered or atleast a blank signed cheque.
Harassment by threatening from recovery agent
Dear Sir, I took some amount from 2/3 lenders through online apps. Now from yesterday somebody is sending arrest warrant, court notice etc keeping the name of lending company suppressed through whatsa
11 months ago
A. Hi client,
Let an advocate check that whether the summons or arrest warrant you are receiving, are genuine or fake.If you have taken some loan from anywhere you have to pay it back and the lender has all their rights to ask it back , in the legal way.
Contact an advocate to check the documents and guide you further.
Thanks and Regards
Simi Paul
Can Paytm Postpaid Agents call
Can Paytm Postpaid Agents call my friend's and relatives for my outstanding payment Reply
11 months ago
A. Dear Sir,
Legally everything is illegal but they being the employees of PayTm a big organization which is backed by Indian Government as such your friend may resist the same as follows:
There are numerous cases of the oppressive and illegal conduct of recovery agents attempting to recover pending dues for the banks' benefit. In the past few years there have been many such instances, to showcase an example, an 81-year-old woman was seriously threatened by recovery agents, she got 375 threatenin ...ReadMore
Senth recovery
My father is garranter in bank loan of my relative My relative are not willing to pay the loan The property modgaised in bank is of government lease I want to know can bank give loan on leased propert
11 months ago
A. Dear Client,
Until and unless a NOC is issued by the Lessor of the leasehold property, Bank cannot sanction a loan against the mortgage of said leasehold property of the Guarantor. So failure to repay the loan on the part of Loanee, the Guarantor is responsible/liable to repay the loan as per terms of the loan agreement Bank may recover the loan by applying the Securitization of Interest (SARFAESI) Act, 2002, AND recover the outstanding loan through the auction of said leasehold property in whi ...ReadMore
Harrassment and threatening by loan recovery agent
Dear Sir, Good afternoon I took some loan from 2/3 companies through online loan apps.Now from today morning some one has been sending me arrest warrant,court letter mentioning some amount and threate
11 months ago
A. Dear Client,
Whenever any loan is approved by NBFC or FI either offline or online, a loan application bearing all the terms and conditions applicable on the applicant is being accepted by the applicant and pursuant to said acceptance and accessing your loan repayment capacity, CIBIL Record etc. your loan is approved. In case of default in repayment of said load as per the condition of repayment, FI takes routine course of action permited under relevant laws for recovery of debt lying outstandin ...ReadMore
Credit card overdue
I had opted for a HDFC credit from their own banking app , Used the card for sometime and repaid on time for 3-4 months and after a while a met with an accident and had to repay for the damages so I h
11 months ago
A. You were issued credit card by the Bank following the standing policy and accessing your repayment capacity when you are in employment. Now accessing your outstanding status they started their routine process for recovery of dues from the credit card holder and accordingly their course of action is intimated to you. So far the terms and conditions of Credit Card are concerned, no excuse of the defaulter is allowed or entertained, you may take a chance with the Bank opting for one-time settlement ...ReadMore
Notice from Lok Adalat
I was given a notice through Lok Adalat to appear. Background - I cancelled BSNL connection for the same I had to go 50 km just to cancel the connection, however, for initiating the connection barely
11 months ago
A. Dear Sir,
If you are comfortable you may attend the Lok Adalath and it is not a mandatory to attend and settle the matter.
Collection team came to home and damaged my house. Need actiondoor
Nbfc collection team came to home and damaged my house door. All because I missed 1 bike due payment. They also spoke rudely with my neighborhoods. What action should o do because this caused me huge
11 months ago
A. Hello,
As per the information you have mentioned it is advisable to you file FIR against them for harassment.
Police haressment
I had taken paper from a trader 5 years ago and there is no transaction since then .and due to loss in business i have failed to return his money .now he is charging interest on that money and using h
11 months ago
A. Hello,
As per the information you have given it is advisable to you to file a FIR against them for mental harassment.
