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How to initiate settlement of a personal loan
15-Feb-2023 (In Civil Law)
Hi, I got a legal notice from the office of the city civil court regarding my Personal Loan. I was unable to pay the Loan since last 8 months Where I took a personal loan of Rs. 75,000 for 3 Years.Successfully I paid the due for more than a Year. Now the Total Amount due is Rs.85,756. . The Notice I got today is as follows. PRELITIGATION CASE No 402 of 2017 Loan A/c No---------------------- Total Amount due: Rs.85,756 Between ICICI Bank Regional Processing centre ,Sriram Towers 3th Floor ,OPP Shadan College,Khairatabad Hyderabad-500004 Represented By Mr ......................... and Number ...............................Petitioner AND My Name .......................................................Respondent Whereas the above said case is posted on 11/02/2017 , in national Lok Adalath for conciliation and settlement , You are required to be present
Hi, your case is in pre-litigation stage, lok-adalats will be conducted 2nd saturday of every month across the country to provide an opportunity to the litigants to settle their disputes amicably without contesting before the courts & waste their precious time. So you go and appear personally or through an advocate and settle the dispute. Otherwise bank will file a recovery suit against you. Feel free to contact me for further assistance. Looking forward to serve you better.
Thank you
Thank you
Helpful?
39+
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Adv. Sampath Kumar R
Bangalore | 25+ Answers
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your case is in pre-litigation stage, lok-adalats will be conducted 2nd saturday of every month across the country to provide an opportunity to the litigants to settle their disputes amicably without contesting court
Helpful?
26+
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Adv. Vedashree A
Bangalore | 500+ Answers
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