icon Defaulting a Promissory Note

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


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
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icon Legal notice reply

I got personal loan with home credit company. I unpaid the last 4 months dues because of lost job and affected by corona. Now i got legal notice from my home credit finance stating to pay the full amo


A. Hello
You cannot deny to pay the loan back or say you can't pay, it's you liability to pay the loan back. Although you have an option to try contacting them and request them to give you some relaxation and Reduce your emi. Also it's there call to do so.
Thanks
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Latest Response 2 years ago
Ayantika Mondal @ Prime Legal

Ayantika Mondal @ Prime Legal

Other Responses
icon Retrieving money given to a Relative

Hello Sir / Madam, I wish to submit that i have given money amounting to nearly Rs.6 Lakhs on various occassions to my cousin sister during 2013 to 2016. All those were given as Bank NEFT Transfers. I


A. Dear Sir,
Normally, money can be recovered and suit can be filed only within 3 years from the date of last transaction. You must make something to continue the cause of action. You must get admissions from the borrower to file a civil suit.

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Sanjay Kumar Jha

Sanjay Kumar Jha

Sidhaarth  S

Sidhaarth S

Adv . Shirish Patil

Adv . Shirish Patil

icon Is taking Pvt tuitions illegal and banned by DCI

I am a doctor, I used to take private tuition of a girl who failed in 8 attempts in BDS, I had taken money for teaching the daughter, 40000, as the daughter was terminated from the college, he is thre


A. Dear Sir,
Please read the rules and regulations framed by DCI and if it is not allowed then you cannot render such tuition. But, such rendering tuition individually is of not commercial nature and no action will be taken by DCI.

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Ayantika Mondal @ Prime Legal

Ayantika Mondal @ Prime Legal

icon Can directors be personally liable in a nidhi ltd company.

Can directors be personally liable in a nidhi ltd company. They collected FD deposit from public and malpractice it.


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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icon Borrower absconding and EMI is paid by Dad, what are the options?

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


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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icon Money recovery from a fake data entry company

Respected sir, This company executive has approached me for a data entry position they told me that I have to complete 800 forms in 7 days and I will be paid 25600 and 5800 registration fee will


A. Dear Sir,
It seems to be fake company and he only threatens to file such FIR etc. Instead you yourself may approach the Police along with other candidates who are victims of this company and see that company is closed.

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BANDARU  RAJYA LAKSHMI

BANDARU RAJYA LAKSHMI

Ayantika Mondal @ Prime Legal

Ayantika Mondal @ Prime Legal

icon How to check the rude behavior of employee of Bank Loan & Credit cards?

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


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.

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icon My father was government employee and taken loan, are we liable to pay?

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


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
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icon Civil - debt collection

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


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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Latest Response 2 years ago
Ayantika Mondal @ Prime Legal

Ayantika Mondal @ Prime Legal