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Insolvency petition with bank as person unable to pay credit card loan
25-Feb-2023 (In Banking / Finance Law)
I have taken personal laons and credit cards loan of 17 lakhs, which i have invested in share market resulting to huge loss of Rs. 45 lakhs (over all losses which i have all the supporting documentation) I was into this share market from 2007 in Derivatives. No other source of income. Now, I am left with zero balance. I am not able to repay the loans. Please advise if I could file insolvency petition against banks. And, what could be the adversities i may face from the bank. is there any existing law to file insolvency against the banks.
Hi,
First of all , I congratulate your for long standing in derivatives market.
Its not an easy task for long standing in derivatives market since 2007. Only HNI client's and intelligent people will trade futures and options.
I have experience in stock market as a branch manager in IIFL,GEOJIT.I have experience in personal loans in Icici bank.
I know the basics of your problem.So, please send me complete statements of your trading accounts of your broker, your bank statement, your loan statements, your IT returns and your personal information.I think,
My experience is suitable for your problem. If you need a real advice,please contact me personally or through mail.
Good nyt
First of all , I congratulate your for long standing in derivatives market.
Its not an easy task for long standing in derivatives market since 2007. Only HNI client's and intelligent people will trade futures and options.
I have experience in stock market as a branch manager in IIFL,GEOJIT.I have experience in personal loans in Icici bank.
I know the basics of your problem.So, please send me complete statements of your trading accounts of your broker, your bank statement, your loan statements, your IT returns and your personal information.I think,
My experience is suitable for your problem. If you need a real advice,please contact me personally or through mail.
Good nyt
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Adv. Syam Charan Godi
Hyderabad | 100+ Answers
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