Bank Loan under CGTNSE Scheme
2 years ago
Dear Madam/Sir,
I had taken two commercial loans from UBI bank ( now PNB ) in 2014.
1. Loan a/c *********** case _1
I have paid more than 50% of my loan amount and the bal. amt. claimed by the bank under CGTMSE Scheme. Bank is pressuring me to pay ( CGTMSE amount + principal outstanding + interest etc. ) The bank claimed CGTMSE amount towards my commercial vehicle ( mini bus ) loan account when it became NPA. The mini bus is with us.
What will happen if I am unable to pay my loan a/c dues and CGTMSE amount to the bank?
2. Loan a/c *********** case 2
I had taken a 2nd commercial vehicle loan for another minibus which was a blunder mistake that I made by taking this second loan. But I could not ready the 2nd minibus in the garage within the specified time given by the bank, so the bank had seized the mini bus in 2014 and sold it and claimed the balance loan amount under the CGTMSE Scheme . Now the bank is saying that i have to give the total loan sanction amount including interest, cgtmse claim amt. etc.
How can I get relief from these legal issues?
I am very much disturbed and tense all the time.
Someone Please help me to get out of this problem.
I think my life is in a critical situation. This was my extremely worst decision to take two commercial loans from the bank without knowing the legal impact on my career.
I am a state civil service aspirant. Now doing a job in a private sector company with a minimum salary and simultaneously preparing for the state civil services . But I could not concentrate on my preparation. I am the only dependent of my parents .I don't know what will happen to me.
Please help me if there is any way from a legal point of view.
I apologize to all readers( Advocates/Lawyers) for my grammatical mistake.
Thank You
As per the facts which have been provided, if you are unable to pay loan a/c dues and CGTMSE amount to the bank then the bank may take any legal action against you depending on the terms and conditions of the loan. You can make the balance payment of loan to the bank for getting relief from these problems.
Hope this clarifies your query and requirement.
Thank you.
A.Dear Sir,
Remedies against harassment by Recovery Agents
February 18, 2021
Written By : Kishan Dutt Kalaskar Retired Judge
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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 threatening calls concerning her child's unpaid bank dues. After that, she moved to the police, and a case was filed against these agents. Another incident quoted as per media reports stated that a private bus was halted, and 42 travellers were held hostage for three hours by recovery agents, who needed to recover money from the travel company that owned the bus. These cases affirm that recovery agents/offices are feared in India. A recovery agent seeks clients and organizations that owe instalments to banks. Many of these recovery agents collect the banks'clientspayment dues for a charge or a percentage of the total amount owed. These agents are generally a third-party
https://www.vidhikarya.com/legal-blog#
You may get issue a strong legal notice from my office or file a Suit for Permanent Injunction against Recovery Agents and Bankers.
Anonymous
Replied 1 year ago
THANK YOU SO MUCH SIR.
sorry for the late reply.
Sir, How can I contact you to file a Suit for Permanent Injunction against Recovery Agents and Bankers.
My contact Details is mention as follow.
Ajoy Singh
8100076842
[email protected]
Kolkata, West Bengal
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