Cheque received against loan sanctioned
03-Mar-2023 (In Recovery Law)
I have my used car showroom in Noida ,one of the customer has booked wagon r in 4.60 lacs ,where 60 k is the downpayment and 4 lacs is the loan sanctioned from bank.but bank has given me delivery order of 4 lacs loan amount .customer is saying I want delivery tomorrow else cancell it .customer has given downpayment of 60 k to me.how much security cheque i will take from customer against the loan amount .jab mere paas Bank se payment aa jayegi to main wapis kar dunga customer ko. Main bhi safe rahu iske liye kitne cheque customer se lu or ky likhwaya us customer se main.
If the customer had already given you the Down payment then why are you worried. At least you should take 1/4th of the loan amount under your possession. For more legal assistance I am just a call away.
You need to make a proper agreement of Rs 4 lakhs for cheque, don’t mention that it is for security purpose rather you need to mentioned that in case the cheque or loan is not received from bank by xyz date then this cheque shall be present against the payment ..get the agreement drafted by an expert advocate..b in touch
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.
Connect with top Recovery lawyers for your specific legal issue
No Comments! Be the first one to comment.
"lawrato.com has handpicked some of the best Legal Experts in the country to help you get practical Legal Advice & help."