Loan emi nopayable from past 6 month received legel notic from axis

602 votes

Hi. Sorry to hear about your issue. This seems like a financial loss, banking and claiming of rights. We can help u with this by way of legal notice or filing criminal or civil case. We can discuss over a call at time convenient

LawRato LawRato

951 votes

yes bank can send recovery agent at your place and those agents are such that they will not stop coming to your place for the recovery of their money..
pay the amount to the bank whatsoever is balance from your end so as to avoid any legal action against you for the recovery of their loan amounts

Advocate Garima Anil Mehrotra LawRato

994 votes

hi

in this case you can reply to the bank with legal contentions that threats for loan recovery are totally illegal
moreover if the agent comes to your premises you can file police complaint for trespass

it is prohibited by law to engage recovery agents

Advocate Rohit Shaligram LawRato

644 votes

What was the loan nature and amount. Loan was availed from which bank?.. have u applied for moratorium? .... in case if its a loan against property u can go for stay order in the concerned court. If the loan amount is more than 10 lakhs u ll have to move to drt.

Advocate Ruchi Singh LawRato

654 votes

yes bank will send recovery agent at your place if you fail to pay the dues of the bank within time so either pay the EMI or be ready to face the consequences.
they may also initiate legal proceedings against you for the recovery of their loan amounts

Advocate Garima Anil Mehrotra LawRato