LawRato

Bank officials threatening to seal my house What can be done


20-Jul-2023 (In Banking / Finance Law)
I had been offered Kotak bank job through Kotak Probationary Officer (PO) Program which was held in bangalore in August 2012.PO program (PGDBRM- Post graduation diploma in banking & Relationship management) was of 9 months and for completion of this program Kotak bank itself provided loan of 3 lacs on our name but they didn't give us the amount in real. Amount never credited to our bank account. They just showed in our liability side.They said once you get the job u will have to pay the emi of 10k out of your net salary 29 k.They rolled off this loan amount saying that we spent on your study..
Answers (2)

Answer #1
586 votes
u have challenge the enquiry of ur bank and issued legal notice to the bank.
it is necessary to passed order by civil court for that reason of attachment of property and possession of ur house.
this unlawful act created by ur bank.
it is illegal without following due procedure of law.
Answer #2
991 votes
Dear sir,
i dont see any fault with this, you knew in advance that amount of Rs.3 lacs is towards loan and you have signed documents to that effect. However, disbursing the amount actually in your account is necessary since amount must have debited towards cost of PO programme.

Disclaimer: The above query and its response is NOT a legal opinion in any way whatsoever as this is based on the information shared by the person posting the query at lawrato.com and has been responded by one of the Divorce Lawyers at lawrato.com to address the specific facts and details.

Report abuse?

Comments by Users

No Comments! Be the first one to comment.

"lawrato.com has handpicked some of the best Legal Experts in the country to help you get practical Legal Advice & help."