Strong Legal Notice--Recovery of amount
Strong Legal Notice--Recovery of amount
My property's mutation is pending in Tehsil and my known relative came into knowledge and he said that he will get my work done from tehsil as he said that his close relative is a peshgar and it will
1 week ago
A. Dear client, one cannot file a complaint for illegal actions. Here bribing is an illegal thing and you cannot legally claim a remedy for the said money. But if you can change the subject matter to other thing like you giving loan to him etc then it can be legally enforceable to recover your amount.
Bajaj Fin Overdraft loan default
i had unsecure overdraft from Bajaj Finance. I was not able to pay it off. and then there collection agent came to my house and abused us. I have not paid them since (year 2020 onwards). Now they have
1 week ago
A. Dear client, if the court had issued a warrent then it is mandatory for you to go to the court. The court on hearing the both parties accordingly will make an order for attaching any property in payment of the debt amount. You can also plead for settlement of the debt in a certain period of time for specific amount if you can't pay the full amount.
US Crypto Platform Attempting Clawback from Indian Users After Bankruptcy
Hello everyone, I'm an Indian citizen seeking legal advice on a rather unique situation involving a US-based cryptocurrency lending platform called Celsius Network. Some context: Celsius filed for ba
3 weeks ago
A. Dear Client,
In certain situations, relying solely on advocates may not be the most effective approach. Instead, you can take proactive steps by sending representations directly to the concerned departments to seek justice. This could involve writing formal letters or emails outlining your grievances and requesting appropriate action. By directly engaging with the relevant authorities, you may be able to achieve a quicker resolution to your issue.
Insolvancy
I am 28 years old, i have a debt of 45000 in unsecured loans and credit cards, my income is only 10000, am i eligible for insolvancy, how long the procedure will take
2 months ago
A. Dear client,
As per the Insolvency and Bankruptcy code, Individual Insolvency in India and Bankruptcy with a default amount of at least Rs. 1,000 are covered in Part III of the Code. If the conditions are satisfied, a debtor who is unable to pay their debt may apply for a fresh start and the discharge of their eligible debt to the adjudicating authority (AA), either directly or through a resolution professional (RP). You should produce the annual gross income, and total value of the debtors as ...ReadMore
NPA against a property which is not delivered by builder
I have taken a under construction property in 2015 in subvention plan of Rs.27lacs because I was not able to pay house rent and emi. Builder has paid pre emi for appx 2 years, then stopped it. I have
4 months ago
A. Dear Sir,
You have to get issue a legal notice to the builder and try to solve your issue otherwise bankers may start recovery proceedings.
Director of a company
I am a Director of a company, using fake signatures of mine, the other directors took a vehicle loan as one of the gurator
5 months ago
A. Dear Sir,
If anybody lodge complaint then criminal case will be registered against you. Better to close the matter at the earliest.
SARFAESI ACT
Sir A loan account was declared NPA in 2019 and notices under section 13(2) and 13(4) were given and permission from DM was also taken but physical possession was not taken as partial payment was done
5 months ago
A. Dear
If a loan account was declared as a Non-Performing Asset (NPA) and the financial institution followed the necessary legal procedures under the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act, 2002, including issuing notices under section 13(2) and 13(4) and obtaining permission from the District Magistrate (DM), the institution may have the right to proceed with the physical possession of the property if the borrower defaults on the ...ReadMore
A. Dear
Yes, the SARFAESI Act (Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act) can be challenged if there are valid grounds, such as the borrower being mentally ill.
Personal Loan
My EMI due on 05 oct 2023, but got missed due to financial crises, I request to wait for month end, but they give legal notice to pay amount with in 7 days, because of health issue i am not doing my
6 months ago
A. Dear Sir,
Just ignore such legal notice and you can clear all the EMI’s within next few months. You may get issue a legal notice if they again issue second legal notice.
Bankruptcy
How to file for Bankruptcy, if I don't have any amount to bear the charges of lawyer. Can I file it myself?
6 months ago
A. Dear Sir,
Yes, you can file by following the below given procedure.
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Provision for Fighting One’s Own Case as per Advocate’s Act
Section 32 of the Advocate’s Act clearly mentions, the court may allow any person to appear before it even if he is not an advocate. Therefore, one gets the statutory right to defend one’s own case through Advocate Act in India. This rule is subject to certain exceptions.
• Article 19 of the Constitutio ...ReadMore
