Hi,
I have missed notice sent from my bank for educational loan for 9 lakhs for aboroad studies which i took on 2008. I was paying intermdiate whenerver I got money.I came back to india only by 2012 and got job only 2013.Now I am earning at modearte salarty.But it went to NPA Account. I paid lumsum wheneevr they said that they will seize my property which I gave as Security. Now the loan is arount 6 lakhs after which i paid arount 8 lakhs inclusing Interest. Bank and my self had came to an understanding to settle down by some other loan like mortgage and to close off Education loan. Had a good relationship between myself and manager as i would pay some amount whenever i get money. He offered the help to provide me mortgage so that i can close educational loan and other debits which was incurred by me. But when I Contacted today he asked me whether I got the notice from Lokadalat so that the remaing iNterest could have been waved off i would have attended. But i did not Receive any notice to my address. What shall I do now if i want to claim lokadalat is it beneficary for me as manager said could have waived off some interest or could be bank do that without LOK dalat. Please suggest me what to do ?
