What are the options if not able to pay the EMI to the bank
09-Jan-2023 (In Banking / Finance Law)
Hi i had taken personal loan from HDFC bank for 60 months i happen to pay 52 EMI nd the last 8EMI i was not able to pay. I have got court summons to attend court for proceedings. Can you help me what is the process Bank is ready to do settlmnt for 4EMI nd clear it but will not take back case until 4EMI payed please assist ASAP.
Hi, you need to attend the court on the date mentioned on the summon.In case you missed, there are chances the 'NBW' will be issued against you. You may show the summon and discuss with a lawyer.
thanks.
thanks.
Hi, your query is not very clear but precisely you have two options here, one, you can consider settlement through negotiation and this can be done by yourself or through your lawyer. After you get into an understanding with the bank the a Compromise petition will have to be filed to withdraw the case against you.
The other option that you have is to contest the case. For this, have your documents perused by a lawyer to know the merits and act as per the opinion of the lawyer. should you require any legal assistance happy to help.
The other option that you have is to contest the case. For this, have your documents perused by a lawyer to know the merits and act as per the opinion of the lawyer. should you require any legal assistance happy to help.
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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