Received an Arbitration Notice from a Delhi Lawyer for a NBFC

726 votes

If you have received a legal notice and want to go legally then you must reply to the said legal notice mentioning your inability to pay off the loan amount and also suggest them about some settlement amount which you can offer to totally close the case. For more legal assistance I am just a call away.

Advocate Jitender Singh LawRato

705 votes

As a advocate we will reply to the notice of arbitration proceedings on the behalf of you secure your bank account there is risk of account seizure to protect your fund open another account contact me for proper consultation and reply of notice

Advocate Rinki LawRato

639 votes

you need to send legal Notice or reply of the arbitration,once you send the legal notice stating your financial hardships. the process is very simple to send legal notice. once they get will resolve the process

Advocate Mukesh Kumar Sah LawRato

692 votes

Hello, If you have received the notice from a lawyer it is always advisable to respond to that notice because that can further help you in the case but give and correct guidance I need to understand the whole matter

Advocate Aman Verma LawRato

684 votes

Keep on communicating the banks for your financial hardship and request them to alter your EMI. Even if they deny, youu may still send whatever you can into your loan account from online or upi transaction, attract a screenshot of the same and email to the bank that because of your hardship you were only able to pay the said amount. You may also write a letter to the Arbitrator apologizing for your missed proceedings stating reason and request for another date to be communicated to you. Please remmeber the bank will pressurize you so much that, they want you to settle the matter. You may settle the matter and negotiate with them, there are chances you end up paying less. If you aren't able to settle and need time, the only option is to go to court. The court will at least take a year to reach out to you and send you notice, say every 3 to 4 months, most likely, the Petitioner or the bank lawyer's will miss to serve the process necessary to send you summons through court. In that case as well you may not go upon receiving first or second summons and keep tracking the orders uploaded online. When you sense that last warning is given to you for appearing in the court, then you may turn up but also be prepared for a genuine answer along with proofs why you didn't recieve summons and why you weren't able to come to court. Also when your financial status is okay you may try to negotiate while proceedings.

Advocate Maaz Akhtar LawRato