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Dear Client,

Receiving threats and harassment from collection agents, especially when they involve your contacts and villagers, can be distressing. Debt collection practices in India are regulated, and using vulgar language or threatening you and your contacts is illegal. Here's what you can do to handle the situation effectively:

The RBI has set clear guidelines for recovery agents. They must not resort to harassment, intimidation, or inappropriate conduct when recovering dues. Using threats,

Dear client,

Under Indian law, only recognized and approved banks, non-banking financial companies (NBFCs), or financial institutions are legally permitted to engage in money lending or trading of financial transactions. Any individual or group operating without the necessary licenses or permissions from regulatory authorities such as the Reserve Bank of India (RBI) or the Securities and Exchange Board of India (SEBI) risks legal action. Such unauthorized activities may lead to serious conseque

Dear Client,
Nobody other than a recognized and approved Bank/NBFC or Financial Institution can be involved in the trading of financial transactions or money lending business. If any person or a group of persons is involved in trading of money lending or any other financial transaction without any license or permission of the concerned regulatory authority like RBI, SEBI, then he/they may be booked under the Prevention of Money Laundering Act, 2002 (PMLA) which was enacted to fight against the

Dear Client,
Your query requires more details to address it suitably. You expressed your situation but not a cause of action that attracts a legal remedy. It is a virtual platform where in the absence of a specific cause of action suitable legal remedies cannot be suggested based on the standalone situation/circumstances. So, please revert to us with more details and a cause of action that requires a legal remedy.

Dear Sir,
The bankers cannot have access to the Salary account of your brother. You may ask your brother to approach higher bank officers or directly file a writ petition before High Court.

Dear Client,
A person is personally liable for debt availed of from a financer and legally, there is no escape route to get rid of that liability. The financier shall take its own course of legal action to recover the debt from the defaulted borrower once a loan is marked as a bad loan/NPA. You can try to negotiate a debt settlement on your own (under OTS- One-time settlement scheme) if your pocket permits, but sometimes it's typically done through third parties like debt relief companies, whic

Dear client
When you say that out of 36 EMI, you have already paid 22 EMI, then it means that the substantial amount has been paid for the loan. It might be that you have failed to pay one or 2 EMI, but that will not make the outstanding as 1,30,000. You should ask for the loan account statement and try to reconcile what you have paid and what you’re supposed to pay, and then accordingly negotiate with them.

Dear client,

Legal Notice:
You can send a legal notice to the bank, outlining your financial situation and your proposal for a settlement. This formal communication can sometimes prompt the bank to reconsider their position.

One-Time Settlement (OTS):
Consider opting for a one-time settlement (OTS). This is a formal arrangement where you can negotiate a lump-sum payment that is less than the total owed, which might be more feasible for you.

Approach Lok Adalat:
If there are any legal cases lo

Dear Client,
When you did not avail of the loan without observing legal procedure, you have no legal remedy to resolve the issue legally. Instead, if you litigate the matter, you both will be booked for violation of the provision of the Prevention of Money Laundering Act(PMLA), 2002 because trading of money lending or any other financial transaction without any license or permission of the concerned regulatory authority like RBI, SEBI, is an offense under the said Act which was enacted to fight

Dear client,
In the absence of an agreement or security cheque or promissory note. it may be a difficult task to get back a loan given to a person in your own capacity. Digital evidences are considered secondary evidence, so no fruitful outcome is not feasible in the matter even through litigation. However, serving a legal notice to the person you can lodge a complaint/FIR against him at the local police station under Section 318(1) and 316(1) of Bharatiya Nyaya Sanhita(BNS) for cheating and c