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Need opinion on recovery of vehicle
05-Sep-2023 (In Banking / Finance Law)
My dad is running a logistics business.. during this pandemic as we dint have proper payment and loads we couldn't pay EMI for 3 months. Only in august we got loads and the the financier has seized our loaded vehicle. We asked him 1 week time to settle 3 months EMI. But they r demanding full settlement which is about 11 lakhs within 10 days. We already finished about 70% of EMIs. We tried to go legally but police station is not accepting any complaints on this. How can we go about?
Dear client
according to your issue you have to to send legal notice through an advocate. then only you are money and vehicle will be safe and returned back. I am here to help you please contact me through Lawrato.
according to your issue you have to to send legal notice through an advocate. then only you are money and vehicle will be safe and returned back. I am here to help you please contact me through Lawrato.
Helpful?
Adv. B Zakir Hussain
Chennai | 200+ Answers
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You can file an application for return of your vehicle. in the meanwhile,an application not to sell the vehicle can be filed. To show your bonafides ,the said money can be deposited with the court and seek for the aforesaid reliefs.
Helpful?
Adv. Suraj Chandrasekaran
Chennai | 25+ Answers
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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.
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