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Repayment and bank harrasement
07-Apr-2023 (In Banking / Finance Law)
Dear sir,
Due to some financial issues i am stuck with repayments for loan emi n credit cards .
Only 1 emi bounced for credit card min amount is high .
I haven't said that i will not make payment but PL ,Car loan ,Credit card department are forcing me to pay otherwise they will take action legally.I told them i will pay the interest regarding the same but they are denying as well as not cooperative.
Request you to pls guide me for the same.

In response to notice received under section 17 of interim orders.
I was using a kotak credit card, but due to my job loss and financial crunches i was unable to make payments but i kept on paying them their minimum dues. They removed my account from online application through which i was getting information regarding my outstanding amount and also the statement they used to send that was also not accessible because of wrong password set. Now they had sent me a legal notice under section 17 of interim orders and i m not aware what to do.. Please help
Answers (1)
Dishonor of cheque or cheque bounce occurs when a cheque that is presented in the bank is returned unpaid. It could occur due to insufficient funds in the bank account of the person who issued the cheque or if the signatures on the cheque do not match with the original signature of that person. You can proceed against the person who has issued such a cheque under various provisions of law. The most important and useful provision to consider is Section 138 of The Negotiable Instruments Act. I will help you
In response to notice received under section 17 of interim orders.
I was using a kotak credit card, but due to my job loss and financial crunches i was unable to make payments but i kept on paying them their minimum dues. They removed my account from online application through which i was getting information regarding my outstanding amount and also the statement they used to send that was also not accessible because of wrong password set. Now they had sent me a legal notice under section 17 of interim orders and i m not aware what to do.. Please help
Answers (1)
Dishonor of cheque or cheque bounce occurs when a cheque that is presented in the bank is returned unpaid. It could occur due to insufficient funds in the bank account of the person who issued the cheque or if the signatures on the cheque do not match with the original signature of that person. You can proceed against the person who has issued such a cheque under various provisions of law. The most important and useful provision to consider is Section 138 of The Negotiable Instruments Act. I will help you
Helpful?
Adv. Veena Bane
Mumbai | 100+ Answers
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Hi
In this case you can send legal notice to the bank to stop harassment for repayment.
Bank can not use illegal means to recover money therefore we can warn them not to indulge in the said acts
Further we can ask for rescheduling of loan and provide sufficient time
In this case you can send legal notice to the bank to stop harassment for repayment.
Bank can not use illegal means to recover money therefore we can warn them not to indulge in the said acts
Further we can ask for rescheduling of loan and provide sufficient time
Helpful?
Adv. Rohit Shaligram
Pune | 500+ Answers
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