Sakshi Yadav | Legistify

Sakshi Yadav
Answered on 18 Sep 2019

The government will soon launch an online facility for depositors for claiming their unpaid funds, interest and dividends from NBFCs and chit fund companies. So, it can help you to get the amount you were promised to get. Before that, you can file a case against the company with the help of a fraud case lawyer in India.Read More

Posted on 13 Sep 2019 | 1 Answer

Sakshi Yadav | Legistify

Sakshi Yadav
Answered on 18 Sep 2019

Yes, a bank has the authority to attach the property in case of recovering the amount from the Debtor. It's a power of the bank given by the Banking Regulation Act 1949 and the guidelines of the RBI.Read More

Posted on 17 Sep 2019 | 1 Answer

Team Legistify | Legistify

Team Legistify
Answered on 14 Sep 2019

You can use the footage as evidence. As per the Indian Evidence Act, the CCTV footage will be considered as the primary evidence and the same can be admissible before the court. With the help of footage, you can lodge the FIR and recover the money. Consult a recovery lawyer in India to get the money back.Read More

Posted on 13 Sep 2019 | 1 Answer

Team Legistify | Legistify

Team Legistify
Answered on 03 Sep 2019

In your case, there is a breach of Promissory Note and you can file a complaint before the Police station and after that, you can file a Recovery suit. After submitting the complaint before the police station, it will provide the strength in your case. Since you're a senior citizen, the court will automatically give the priority to your case and will try to dispose of the case or settle the case as soon as possible. You can hire a debt recovery lawyer in India to handle the entire matter for you.Read More

Posted on 02 Sep 2019 | 1 Answer

Mohim Roy | Legistify

Mohim Roy
Answered on 03 Sep 2019

You can file for insolvency with the help of a business lawyer in India. On filing petition of insolvency, the court will fix a date for hearing and the borrower will be required to file all books of accounts, income statements, details of his assets etc. The court will investigate on this to ensure that he is genuine and he has made full disclosure of his assets. The treatment of the debt will be as per the court’s verdict. However, if the loan is having collateral, the lender still has all the rights to acquire the mortgaged asset. For non-collateralized loans like personal loans or credit card loans, the lender will have to follow the court's directives. On being declared as insolvent, the court will appoint an officer who will take charge of the property and take decisions on dividing it among the lender(s) to settle his debts. There is no fixed period for legal recourses and the proceedings depend upon the complexity of each case. The advantage of the borrower on declaring insolvency is that the lenders will no longer be behind him for recovery. Also, while the matter is in the court, the lenders cannot file separate suits against the borrower without the court’s permission.Read More

Posted on 02 Sep 2019 | 1 Answer

Sakshi Yadav | Legistify

Sakshi Yadav
Answered on 24 Aug 2019

You can file the cheque bounce case under the civil court of the area in which you reside. You need to send the person a legal notice regarding the same. If he fails to send you a reply within the stipulated time, then you can proceed with the cheque bounce case with the help of a cheque bounce case lawyer in India.Read More

Posted on 09 Aug 2019 | 1 Answer

Advocate Devinder Singh | Legistify

Advocate Devinder Singh
Answered on 20 Aug 2019

Follow the following steps: Obtain an undertaking from the creditor that he has received the borrowed money in full and final and no amount is outstanding as today. Blank cheque No. of the bank received from the borrower is misplaced. Therefore, as a safeguard the borrower may instruct the bank to stop payment of this cheque. A Separate Indemnity Bond may be taken on the same lines. Read More

Posted on 05 Aug 2019 | 1 Answer

Tanya Mahajan | Legistify

Tanya Mahajan
Answered on 19 Aug 2019

You cannot sell the mortgaged property without property papers and property papers will remain with the banks till the loan amount is paid. The bank can file the case in the DRT If they want to take legal action against you. You need to consult a civil lawyer in such case to know the best solution.Read More

Posted on 16 Aug 2019 | 1 Answer

Advocate Sagar Kothari | Legistify

Advocate Sagar Kothari
Answered on 18 Aug 2019

You may first send a legal notice to him demanding your dues, and give them a period of 30 days to return your money. Thereafter, you may prosecute him by filing a civil/ criminal case against him for debt recovery.Read More

Posted on 08 Aug 2019 | 1 Answer

Sakshi Yadav | Legistify

Sakshi Yadav
Answered on 07 Aug 2019

Firstly, you can send a legal notice to the company or any person who is related to that company through a good consumer fraud lawyer. If they fail to respond to notice then you can initiate a legal proceeding for fraud against the company. You also have the option to lodge the FIR.Read More

Posted on 06 Aug 2019 | 2 Answers