Not able to pay loan bank issued legal notice What can I do
Answers (1)
Since you have already received the Auction Notice, please approach an Advocate at the local Court and apply for an Interim Order of Stay. If the Auction has already been conducted, then apply for Stay of further proceedings. Please do so inmediately. After obtaining the stay, you can also proceed to seek direction for One Time Settlement, so that you can work out the terms of a settlement with the Bank. If any policy is available for farmers, try to apply for it. But getting a stay order of the auction or it's proceedings is urgent. Please do not ignore this - take action immediately
Advocate Asha S Anand
4.7| 50+ user ratings
Sheshadripuram,
Bangalore
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