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wants to send legal notice and ask for compensation


03-May-2023 (In Banking / Finance Law)
I got a call from some people saying they are calling from bank of baroda and my loan file has been approved. To claim that i need to take a insurance from India First life insurance company. The email which said that the loan file has been approved was sent by [email protected] So the domain looken genuine to me. I paid the insurance premium online on 8th jan. And received the insurance papers on 25 jan. Every thing is fine till now. But then from 25th january it May month and they have not disbursed my loan. They keep on saying it will be done within couple of days but its been 4 months now. So i want to send a notice to the sales team. Bank of baroda and First India life insurance company,
Answers (3)

Answer #1
968 votes
Hi,

You shall send them a legal notice asking them to disburse the loan as per the promised time or ask them to refund back the premium with interest.
Will require more details to draft the same

Regards,
Madhav Nanda
Advocate
Answer #2
964 votes
Hello Mr. Prashant Ambast!

Greetings!

From the information that you have provided, you've a good case against the bank and the insurance companu.
I can assist you in sending a legal notice.
Let me know if you need my help regarding your matter.

Regards,
Smriti Khurana
Advocate
Answer #3
976 votes
Query perused. I would advise you to issue a legal notice to the directors of the concerned bank and seek compensation for mental harassment on accpunt of deficiency in services and unfair trade practice. For further consultancy and legal services you may contact us.

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