How to save myself from being arrested for not paying loan emi


I i had taken a loan from tata capital..bt as i m jobless from last 8 mths i m unable to pay dem....I also rcved notices but i was not present...today a police officer came below my residence sayin i have a warrant issued under my name...i m very scared dnt knw wat to do...doing under depression

Answers (2)


144 votes

Firstly cancel the warrant.
Secondly go for the settlement along with application showing your financial incapability an negotiate the amount and pray there to allow to pay in installments.
Or Bank would recover the amount from guarantors.
Or other go for declaration as insolvent.


Googling your legal issue online?

The internet is not a lawyer and neither are you.
Talk to a real lawyer about your legal issue.

77 votes

First of all court doesn't issues warrant directly. If any litigation is filed against you, first of all court issue's notice, summons, bailable warrant and finally if you are keeping absent your self then in criminal proceedings court issue NBW and in civil proceedings matter moves ex party. Go with advocate and cancel warrant and defend yourself.

Popular Banking / Finance Lawyers


Advocate Nikhil Singh
Singh & Associates, Hubli
2 years Experience
Advocate Ricky Chopra
Sector - 49, Gurgaon
18 years Experience
Advocate Ricky Chopra
Karkardooma Court, Delhi
18 years Experience
Advocate Bala Janaki
330 Thambuchetty Street, Chennai
34 years Experience

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 Banking / Finance Lawyers at LawRato.com to address the specific facts and details. You may post your specific query based on your facts and details to get a response from one of the Lawyers at LawRato.com or contact a Lawyer of your choice to address your query in detail.

Related questions


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



Related Articles