Prayag Dutt Joshi (Service) 19 July 2009

Defaulter of Loan

Dear All,

I have taken some loan from different banks and due to the market crase In 2008 I have loose my money and now I have not sufficeint Income to pay this loan amount and pay the EMI. I requested to all banks for give me some funding and rescheduling of my EMI but no bank is ready to do. In this case bank what can do and what I have to do for solve this problem.

Please suggest me I am in very deep depression due to this some time think about end of my life but I have two small kids they stop my for doing this.

Prayag Dutt Joshi.

Reply Follow

2 Replies

A.Rengarajan (Company Secretary) 19 July 2009

Best way to contact some local lawyer to request them to contest in lokadalat . Once you go to lok adalat you can get some 1-2 years time to settle. This is best suggestion. Now don't loose your heart and end your life.

ADV.PRASAD (property, family) 21 July 2009

Mr.prayag, at this condition if the bankers filing case against u then u should go to the court and hire the trusted lawyer who u think that he will help u.u have nothing so tell the truth to the court and show some reasonable cause to the court that u r not able to pay the banks EMI.one more thing tell the court that u have childrens.i think court can give some relief by giving u some extended time. dont worry everything will be allright.

Related Threads

Start a New Discussion Unreplied Threads

Popular Discussion

Defaulter of Loan

2 Replies

Leave a reply

Recent Topics

Related Threads

Popular Discussion

Browse by Category