Advocate Amandeep Chugh

Questions Answered by Advocate Amandeep Chugh

Q: Will i be liable for the amount bank can not recover after auction

hi there, i have a home loan of Rs 34 Lakh and current OS Amt is 32 Lakh. Now due to some unexpected circumstances i am not able to pay anymore. i haven't paid my last six emi's. My lender has asked me to either pay the six emi's same time or they will auction it off under some NPA act. My question is what happens if i don't pay and the house gets sold off in auction. Am i gonna be charged if bank didn't get the enough Money (32 Lakh) and short fall amt will be recover from me after the auction

Advocate Amandeep Chugh answered
dear sirYes the bank can charge you . it depends if the amount is more than bank can go to drt and file OA against you. if there is arbitration clause then arbitration may be initiate against you. and if the amount is less than 10 lakhs then civil suit can be filed against you.

Q: Credit card recovery agents harassing me to pay the amount

Dear sir,  i have been using 2 SBI credit cards since 8-9months and the limit was 47000 on each card which i have used but after using the cards i have been paying the minimum amount or small amount but from last 2months i am not paying any single penny due to illness and i have left my job also now today i got a several calls from bank people and they ask me to pay 7100 rs for your both cards otherwise they are going send me legal notice tomorrow at my mailing adress and after getting legal notice i will have to face several legal problems. But i tried to conveynce them about my situation but they told me i have to pay 7100rs anyhow. Please help me sir i am very worried about this bz they warn me for it.

Advocate Amandeep Chugh answered
Dear sirBeing this law if u have used the credit card you need to make the payment. But please don't worry let them start the legal proceeding and it would take time. That was the call from agency. If they harassed u then please record there call.

Q: Remedy as time require to pay off loan taken from bank

Good Evening Sir  I have taken three big loans one is personal loan of Rs. 3,50,000 whose monthly emi is Rs.12133, I have pad 10 emi on time. second one is Used car loan of Rs.2,65,000 whose monthy emi is Rs.9330 and last is .I have paid 7 emi on time. I was all the emi's on time because the business was going very nice and not even a single bounce in the loan. But due to some medical as well as some financial crisis in market my business got shut down. Six months I was unemployed. Now I have started a job but it is not possible to pay all the emi's on time because suddenly crisis occurs. Sir I want to know whether it is a law so that I can get few months time from banks or finance company to pay my loans. Please help me asap because the collection departments continuosly calling me and I am not be able to concerate on my work and if I am not be able to that How will I pay in loan in future as well. Please help me. I need your help.

Advocate Amandeep Chugh answered
Dear sir You just approach to bank again to rescheduled ur emi as this is the right time to pay ur loan and take advantage of the same. If collection team can take the approval. Secondly you haven't told me the tenure of your both loan account. You can opt for bt option also

Q: Release of stolen car when have RC but car in other person's name

Stolen car for release that is not my name but I have original rc, please help me and fir is also by name

Advocate Amandeep Chugh answered
Dear sirWell you have to produce the person in court in whose name the car is. Or if that person is not coming to the court then that person need to give special power of attorney to you..then only that vehicle would release on superdari

Q: Recovery Of Money for someone who promised permanent job

Sir someone had took money from me and said that I will give you permanent job .in starting he was demanding 5lakh .and we entered into agreement.but same day he returned check and misguided me to give 2lakh.and said give 2lakh instantly .I sent 17000 by net banking and gave 30000cash.but now he is denying ..and delaying months .it's been almost 1yr now.i badly need money in present time.i am hopeless what to do.please suggest me something sir

Advocate Amandeep Chugh answered
Well in this transaction you have to plan a case. Do you know the address of the person. You just have the option for the person to complaint in police station. The other you file only the rs 17000 in that case if u have address of the customer.