varghese
28 March 2013 at 21:03
Sir, I have availed a personal loan on my credit card a/c, after much persuation from the abnamro bank field executives, when they launched their operation in India during the year 2008, their main motto was to catch as much fish as they can and am the one who caught hold of in their net.The said loan was not at all required by me at that time and self refused to avail it, but one of their female executive approached me and she stood as guarantor for my loan to get some monetary benefit and promotion to their career. Seeing my good returns, the bank had issued 3 credit cards, and two loans, all the credit cards and loans closed except this personal loan. When my business returns started deteriorating, self approached the bank to foreclose the loan a/c on 22nd March 2010 (thru e-mail) an received a reply on 23rd March 2010 that they have already forwarded my request to the concerned manager for the same. But they didn't do anything, and kept mum over a period of more than 2 and a half year. Whatever amount kept for the loan closure purpose had been utilized for monthly EMI upto June 2011. As the bank didn't take any action on my foreclosure request, self approached M/s Debt Doctor India Pvt.Ltd., a Bangalore based financial management company, to resolve the issue thru them, for which I had paid their requisite fee also. I thought that the Debtdoctor is being on the job and they will take care of the loan a/c finalisation. But during the last week of Feb.2013, two people came in front of my residence and told that they are coming from Kotak Mahhindra Bank to collect the balance pending loan amaount with ABN Amro Bank. Self inform them that I have not received any notifications from ABN Amro Bank about the transfer of liabilities to your bank so far and they insisted on that. In the meantime, self contacted Debtdoctor India, Bangalore about this development and they told that they are also not aware of this.
Now, this kodak mahindra collection agency
threatening me if I have not paid the balance amount. Self informed them that I have not taken any loan from you, as I have not received any intimation from the lender bank about the transfer of the liabilities to your bank.
I had tried my best to foreclose the loan a/c during the month of March 2010 but lender bank didn't do anything which has resulted the balance amount still pending for a period of nearly 3 years. All the documents pertaining to the loan, request etc are still with me. I had paid 36 instalments out of 60.
Literally speaking, a toal of Rs. 2,68,000/- out of 2,92,000/- had been paid.
Now, am a retired person and no any income except some meagre pension amount. I am not all able to pay more than 50-60k, as total settlement out of total pending including interest of 1.10k.
Please suggest your valuable advise on this matter. As per my calculation, a total sum of Rs.1,10k is pending including principal and interest. My offer is for 55-60 k in 4-5 instalments. Please suggest a suitable action on this matter.
with regards
Nadeem Qureshi
19 March 2013 at 08:30
Dear Experts
This query is related to my Friend who want your valuable advise on this issue, please give your best opinion, thanks all of you.
'I INVESTED 1 LAKH RUPEES OVER THE ASSURANCE OF A PERSON (MR. X)WHO IS WORKING IN STOCK/COMMODITY MARKET AS AN AGENT FOR A COMPANY DEALING IN STOCK/COMMODITY MARKET.I SIGNED ALL THE DOCUMENT AND I GOT MY A/C NO. FOR SALE AND PURCHASE I SAID MR. X TO INVEST A SMALL MONEY OUT OF THE WHOLE AMOUNT AND ONLY DEAL IN THE MINI ZINC, COPPER. MR. X WAS WAS SELLING AND PURCHASING FROM MY A/C AND DOING AS I TOLD HIM. I GOT LOSS AND PROFIT BOTH BUT I DID NOT COMPLAINT HIM BECAUSE AS I TOLD HIM HE WAS DOING SO. BUT ONEDAY HE INVESTED IN NATURAL GAS WITHOUT ASKING ME. IT TOOK MANY UPS AND DOWN AND ONEDAY THE WHOLE 1LAKH AMOUNT WAS LOST BECAUSE OF HIS MISTAKE.HE IS ACCEPTING HIS FAULT ORALLY AND SAYING THAT WHENEVER I WILL HAVE I WILL PAY YOU OR YOU INVEST AGAIN I WILL EARN FOR YOU FROM THE MARKET BUT NOT REFUNDING ME OR REPAYING ME.
SO PLS TELL ME WHAT REMEDIES I HAVE AGAINST HIM IN OUR ALL THE LAWS.
WHAT strategy i should adopt to handle the problem or situation to get my money from him.
Personal loan preclosure request denied
Sir, I have availed a personal loan on my credit card a/c, after much persuation from the abnamro bank field executives, when they launched their operation in India during the year 2008, their main motto was to catch as much fish as they can and am the one who caught hold of in their net.The said loan was not at all required by me at that time and self refused to avail it, but one of their female executive approached me and she stood as guarantor for my loan to get some monetary benefit and promotion to their career. Seeing my good returns, the bank had issued 3 credit cards, and two loans, all the credit cards and loans closed except this personal loan. When my business returns started deteriorating, self approached the bank to foreclose the loan a/c on 22nd March 2010 (thru e-mail) an received a reply on 23rd March 2010 that they have already forwarded my request to the concerned manager for the same. But they didn't do anything, and kept mum over a period of more than 2 and a half year. Whatever amount kept for the loan closure purpose had been utilized for monthly EMI upto June 2011. As the bank didn't take any action on my foreclosure request, self approached M/s Debt Doctor India Pvt.Ltd., a Bangalore based financial management company, to resolve the issue thru them, for which I had paid their requisite fee also. I thought that the Debtdoctor is being on the job and they will take care of the loan a/c finalisation. But during the last week of Feb.2013, two people came in front of my residence and told that they are coming from Kotak Mahhindra Bank to collect the balance pending loan amaount with ABN Amro Bank. Self inform them that I have not received any notifications from ABN Amro Bank about the transfer of liabilities to your bank so far and they insisted on that. In the meantime, self contacted Debtdoctor India, Bangalore about this development and they told that they are also not aware of this.
Now, this kodak mahindra collection agency
threatening me if I have not paid the balance amount. Self informed them that I have not taken any loan from you, as I have not received any intimation from the lender bank about the transfer of the liabilities to your bank.
I had tried my best to foreclose the loan a/c during the month of March 2010 but lender bank didn't do anything which has resulted the balance amount still pending for a period of nearly 3 years. All the documents pertaining to the loan, request etc are still with me. I had paid 36 instalments out of 60.
Literally speaking, a toal of Rs. 2,68,000/- out of 2,92,000/- had been paid.
Now, am a retired person and no any income except some meagre pension amount. I am not all able to pay more than 50-60k, as total settlement out of total pending including interest of 1.10k.
Please suggest your valuable advise on this matter. As per my calculation, a total sum of Rs.1,10k is pending including principal and interest. My offer is for 55-60 k in 4-5 instalments. Please suggest a suitable action on this matter.
with regards