icon Debt collection

Can a two wheeler siezed by financer in just 1 emi bounce

2 Response(s)

6 months ago


A. Dear Sir,
That is happening in the society and nobody is there to check such illegalities. The borrowers simply sign all the documents without going through the conditions. Normally, such condition will be there to seize the vehicle even if one EMI is not paid.

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icon Online Money transfer to builder

I received OD amount from bank & same has been online transfer to builder for a FLAT but builder given the FLAT to another person on security not giving the possession nor returning amount even I am p

2 Response(s)

6 months ago


A. Dear client,
If you have transferred the OD amount from the bank to the builder for a flat, but the builder has given the flat to someone else and is not returning the amount, you have legal recourse.

Firstly, take the proof in hand showing the payment has been made.
Secondly, if there is any communication or an agreement that you have signed hen collect that as well.

Both can be used to get possession of the flat.

in another form of recourse, You can send a legal notice to the builder dem ...ReadMore

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icon DRT Case

I was an employee in the company. The company made me a director with 1% share. The company took a loan of 40 lakh and defaulted on the same due to COVID-19. I was unaware of all this as I was not

2 Response(s)

6 months ago


A. Dear Client,
An employee can be elevated /appointed as Director, by following due procedure of law and a Board of Directors resolution, defining the Remuneration and perks & other benefits, payable under the provisions of the Companies Act. In terms of the Companies Act, a director is an agent, trustee and employee. A director is an employee if he holds a salaried employment and thus enjoys all the benefits which are given to a regular employee. A Managing Director is a director who holds such ...ReadMore

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icon Legal advise for loan recovery in case of loss of job

Hello sir, I have 3 credit cards and e loan running in my name. It's been 6 months I have been laid off by my previous company and since then I am unable to find a new job. Somehow I manged to pay my

2 Response(s)

6 months ago


A. Dear Client,
Under the Provincial Insolvency Act,1920, you can file for bankruptcy if you are unable to repay a debt greater than ₹500. After analyzing whether the conditions for filing of bankruptcy have been met, the court may accept or reject the application. Until the decision on the application is taken, an interim receiver takes possession of the property of the debtor. If the application is admitted, the court can apply a stay on any legal proceedings against the property or assets of ...ReadMore

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icon Zest money loan

My father who took out a loan in zest money unfortunately passed away so does that make me his son liable to pay the loan ?

2 Response(s)

6 months ago


A. Dear Client,
After the death of the borrower, the lender may initiate the process to recover the unpaid amount from the assets of the loan receiver. In such cases, the bank may even reach out to the legal heir to recover the dues. If the legal heirs inherit any assets from the deceased person, they are obligated to repay the obligation. Legal heirs are solely accountable to the degree that they receive any assets from the deceased borrower. The Karnataka High Court has ruled out in a judgment th ...ReadMore

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icon Not wearing mask

Recovery agent entered my property forcefully for not wearing mask even after telling him to wear and enter my property. My mother is a lung patient and any infection can lead her to death.he is repea

1 Response(s)

6 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 the Supreme Court and Regulatory Authority, RBI issued orders/advisories from time to time refraining Banks/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 cas ...ReadMore

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icon Relative asking for money s/he had donated us 2 years ago

2 years ago in 2021. My father had died from COVID, after his death one of of relative might have felt bad and asked for my bank account, s/he then transferred 1 lakh to the said account. Now after 2

2 Response(s)

6 months ago


A. Dear client,

If your relative had felt bad and given you the money, it could have been considered a gift.
Therefore, if there was no undue influence or fraud from your end, it can very well be contested that the gift need not be returned

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icon Mental torture from private finance

My father lend money rs.3 lakh for business activities private finance.he paid his monthly EMI correctly .but last month my father had an road accident and severly wounded in head also had an brain su

2 Response(s)

6 months ago


A. Dear Sir,
You have to settle the matter amicably or ask the financial to approach Civil Court by filing money recovery suit. You may lodge a complaint with Police as private finance company unnecessarily forcing you illegally.

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icon Money back from borrower

5 years back I have given my credit card to one of my friend and he used all the credit amount and other than that I have helped him with money also. But till date he is not returning my money which i

2 Response(s)

6 months ago


A. Dear Client,
Attempt Amicable Resolution: Before involving law enforcement or legal action, you could try to resolve the matter amicably. Communicate with your friend, remind them of the debt, and try to work out a repayment plan.

Formalize the Debt: If you had any written agreements or evidence of the debt (emails, text messages, IOUs, etc.), gather and organize this information. It can be valuable if you decide to pursue legal action.

Legal Notice: You may consider sending a legal notice th ...ReadMore

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icon How to recover husband took loan on my name

My husband took 20 lakhs personal loan on my name and promised to pay EMIs. I transferred 20 lakhs amount via phonepay to his bank a/c (sent 1 lakh every day to his bank a/c). Since 5 months we are li

2 Response(s)

6 months ago


A. Dear client,
You can lodge a police complaint against him and his parents. You can also file a suit against them for abusing you and also a money recovery suit.

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