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Loan interest during pending hearings in court
26-Aug-2023 (In Consumer Court Law)
I took an education loan of rs 340000 with subsidy sceme on interest given by government. That is goverment was to pay the interest amount for loan. But i found that bank did not recieve any subsidy due to carelessness. Therefore i filed a case in court against bank branch. But now bank manager is warning us that he will take the case as longer as possible. Also he will include compound interest over subsity amount too till final hearing by court. Now may i request for stay order by court against bank, requesting that bank may not charge any interest till final hearing by court.
Venerated Sir,
As I understood that your query have oriented towards stay order against the bank for initiating loan interest till the disposal of case..... I wish to infirm you that you can file a petition for staying the process of loan interest before the concerning Court where the case is running and if the said Court will reject your petition then you can move in the appellate Court for the same.... Kindly give me the information that whether the bank have been initiated a case for recovery of loan interest under SARFAESI Act . kindly provide me these information so that I can assist you in a better manner. Feel Free to talk.....
As I understood that your query have oriented towards stay order against the bank for initiating loan interest till the disposal of case..... I wish to infirm you that you can file a petition for staying the process of loan interest before the concerning Court where the case is running and if the said Court will reject your petition then you can move in the appellate Court for the same.... Kindly give me the information that whether the bank have been initiated a case for recovery of loan interest under SARFAESI Act . kindly provide me these information so that I can assist you in a better manner. Feel Free to talk.....
Helpful?
25+
25+
Adv. Anil Kumar Singh
Ranchi | 500+ Answers
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You have not disclosed as to which court having jurisdiction you have filed a case however since you have already bought motion for claim then file a petition and explain the court regarding the behaviour of the branch manager and seek for stay or injunction as the case may be
Helpful?
20+
20+
Adv. Jorong Sanga
Ranchi | 100+ Answers
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