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Bank harassing due to missed EMI for loan taken
14-Oct-2023 (In Banking / Finance Law)
I have taken furniture through bajaj finserv loan.my loan tenure is 8 month I have paid first three month EMI but the remaining 5 month Emi I wasn't able to pay because I lost my job and still searching for it....suddenly yesterday I got a cal from bajaj lawyer saying that they r filing a case against me for cheating them and I'll be on remand for fifteen days...if to stop that I have to pay minimum three Emi immediately by tday which is around fifty thousand.I'm ready to pay my pending Emi s but need some time ..but they r nt ready to hear me..nt giving an appointment to meet them too.Is there any chance of arresting me are sending police to my home as they said me over phone...please help me in this issue sir
sir
Don't worry. They can't do anything without following due process of law. Now a days, the Finance companies adopting the practice of threatening the defaulters through phone. You please neglect it. No one can take the law on his own and harass the defaulters. but you should be prepared to repay the EMI earliest. Finance companies will always take legal proceedings against the defaulters but they can't try any cheating case or remand against the defaulters. Whoever calling you from finance company with threatening call, then you can very well ask their name and enrollment number, case details.
Don't worry. They can't do anything without following due process of law. Now a days, the Finance companies adopting the practice of threatening the defaulters through phone. You please neglect it. No one can take the law on his own and harass the defaulters. but you should be prepared to repay the EMI earliest. Finance companies will always take legal proceedings against the defaulters but they can't try any cheating case or remand against the defaulters. Whoever calling you from finance company with threatening call, then you can very well ask their name and enrollment number, case details.
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Adv. N Sudalai Muthu
Madurai | 100+ Answers
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