Legal notice-unsettled personal loan

You may approach Mr. Arun Bhardwaj Advocate Delhi (Cell 098101096) in the present matter who can defend the present matter on your behalf.

You should opt one time settlement with your banker wherein maximum interest portion is waived off subject to deposit of entire settled amount immediately.

Thanks , Will contact him tommorow, Lets see.

you can  request the bank to give you statement of account . scrutinise the statement carefully . if you fial to pay on time interest keeps on accumulating and gets merged with the principal . in addition bank levies penal interest .

go and meet the bank officers and request for one time settlement if you have the funds .

Thanks for the advise Ajay, I would have done the same if I was in India,unfortunately Iam not.

I am still to decide on whether I should approach the bank directly or go through a lawyer.

Actually Things would have never turned out like this If I was in INDIA, but its one of those things, important lesson that oversight and carelessness can cause trouble as I never bothered to check with the bank whether the loan is settled from their side  or not and now today instead of 24K Iam staring at a payment of 109K.

I will contact Mr.Bhardwaj tommorow to see if he is willing to take up my case.

I need any Lawyer who would represent me and  get me a proper NOC and clearance from the Bank .Please feel free to drop me an email so that I can send copy of Legal notice and other details to private email .

I would be grateful if someone quotes me a "Package " to finish all this which should include all legal charges and the settlement amount for the bank.

Respected Sir,

Is this Legal Notice Under the Section 138 of N.I Act?If yes,then I Guess you have the reply to the legal notice promptly.One more thing,I am sure you might have given the  security cheques at the inception of taking loan.Please check that out.For further info please e-mail the legal notice at pradeep@pradlaw.com.

Pradeep Kumar & Associates

                     Advocates

Chamber-208,CSA Block,

District Court,Gurgaon

(M) 09871765000

(O)0124-4078500

Dear abhisek

as per my opinion and according you information the bank issued a demand notice to you and the amount is with total dues and charges, firstly see that the bank filed any civil or criminal case against you or not if the bank had not filed the case till now then talk to bank official and get your Statement of account in which clearly showed your total account, bouncing charges, late penalty and other charges. after that you can talk to them for settlement.

if the bank filed civil or criminal case then you need a lawyer.

you can call on 9953809956

Thanks for all the wonderful advise that the forum experts have given so far.

After showing the document to my friend (who is a lawyer here) he confirmed its a Civil Recovery suit filed by the Legal firm acting on Behalf of IDBI, and the Legal document is actually court notice .Yeah I know learned lawyers will be laughing but not everyone know LAW as you guys.

I was unfortunately not able to defend myself or appoint any lawyer or speak with Bank since I only came to know of this once it all has been done, though I wonder how can I be served a notice when Iam outside India since 2007.

Now one thing is certain I need a lawyer to represent myself and settle this in court on my behalf.

I have spoken with my Dad he will be coming to Delhi with the money to settle it with the bank/Court(Iam really ashamed ).He is not keeping well but what to do? in INDIA only VIP and rich people get away with major crimes but its commoners like me who get screwed even for the slightest negligence as if Law has complete different definitions based on the client.

I request someone to represent me and let me know in private email about Fees etc so that I can make some arrangements.

i how many day BCI registration take place

you can approach ADVOCATE MANOJ SOLANKI (CELL NO. 09757029177) who is a lawyer specialises for settlement of credit cards and bank loans only.He has masters in this sort of cases.