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nikhil (Proprietor)     20 September 2018

Personal loan

Hi,

 

i had take a loan of 1,50,000/- from UCO Bank 2007 and paid about 1 lac to the bank ...till 2010 on emi basis ,after that i had lost my job and i went into lots of problems where i could not pay the balance......Myself and my friend who had stood as gaurantor recieved a legal notice in the yearr 2015 to pay 3,64,000/- towards outstanding amount of loan what i had taken...i had to contest it as i was not able to pay the amount.I lost the case in the court .I want clear  the loan but the bank   but i need time of to do so ....

My question is can i file a petition in court asking for time for repayment now.

and can i ask bank to reduce the amount to be paid.

 



Learning

 1 Replies

Isaac Gabriel (Advocate)     23 September 2018

Go on getting extension of time.You can represent your case in the Lok Adalat and seek remedy.


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