Summon for settlement of Issues against an Educational Loan
27-Dec-2023 (In Recovery Law)
I took Educational Loan from SBI for completing my studies (B.tech , 2009 - 2013). After completion of my studies i started paying the loan but was not regular due to my poor financial condition. The amount i was paying was also less than the installment amount that the bank wanted me to pay. So , the loan account turned into NPA and then after some time it was written off. Today , I received a letter of "Summon for settlement of Issues in the court of senior civil judge , Rourkela " on 20th January 2018. My present condition is that i got a government job and my joining is in March 2018 and i will only be able to pay from March 2018 onward and that too in installment. KIndly suggest me what to do now ?
U should appear before the court. And place your fact. Since you are ready to pay the court will grant you relief. Please give evedence in support of your claim such as your joining letter etc. You can also seek help of laywer even me..
You should attend the settlement and should inform the court and the bank that you would pay off the debt bt would take a bit of time. To show your bonalfide ibtention i would suggestvthat you deposit a token amount to the Bank in front of the Court
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."