Cheque Bounce Charges from Barclay Bank
Suresh Kumar
(Querist) 29 April 2010
This query is : Resolved
Dear Sir,
I got a summon from Metropolitian Magistrate, Dwarka,Delhi for 138 N.I.Act for non-payment of Barclay Personal Loan Installment. What should I do as I have already emailed to the Banker that I have a heavy loss in Share Market and can not afford the EMI of the Bank. The agent called me almost every month to settle the amount and use abusive language and threatning me. Kindly help me how could I solve this matter, as I am not in a position to pay any amount.
Suryanarayana Tangirala
(Expert) 29 April 2010
You are bound to pay the Loan amount contest the case as it is already filed and pay back the amount and see that case is compounded.Agent cannot do such illegal activities lodge a police complaint.
Parthasarathi Loganathan
(Expert) 29 April 2010
Since it is a clear case of loan default, you need to enter into out of court compromise settlement with the bank as you cannot account personal losses for non-payment of debts. You need to work out for amicable solutions and seek re-schedule of Pay Plan.
aman kumar
(Expert) 29 April 2010
AGREE WITH EXPERTS !
Raj Kumar Makkad
(Expert) 29 April 2010
I have no different opinion as of other experts on this matter.
Meet the bank officials personally and apprise them your position and convince them to withdraw criminal proceeding so that you may arrange for their money.
Sachin Bhatia
(Expert) 29 April 2010
agree with the above experts
Suresh Kumar
(Querist) 30 April 2010
If I have no money how could I manage all these things and what is the worst case I have to face if I dont pay off the amount. Because porblem is genuine and could not manage to pay.
Suresh Kumar
(Querist) 30 April 2010
This is one case of Barclay after this ICICI Bank and HSBC Bank will come with this 138 NI Act. There is no way to manage for me to cop-up the situation.
Parveen Kr. Aggarwal
(Expert) 01 May 2010
You can have meeting with the officers of the bank and can convince them to re-schedule your loan by apprising them of your current financial position and your intention to repay. However, you will have to make some payment in your loan account for them to accede to your request.
