Pmry loan harrasment from bank
mazid
(Querist) 29 February 2012
This query is : Resolved
Hi,
I have taken PMRY Loan from PNB on 1998 for new business setup. but after 3 year I am facing problems from market so i was not able to continue my shop. and i was not able to pay rest amount my monthly IMI was 1800 for five years and loan amount is 85000. but now after 12 years i have recve call from Bank and they now start threatening to me and they will increase my amount approx 2.5 lac still my earning not so well I am earn only 7000 PM. and they have blank sign paper from me on that time.
please suggest me what will i do. i can pay only 20000 so is it possible please answer me as soon as possible
Mazid
M.Sheik Mohammed Ali
(Expert) 29 February 2012
where are you from ? why not give that time insolvency account to the bank, or just inform to the bank, if physically they threatening then immediately give complaint to the police.
mazid
(Querist) 29 February 2012
iam from delhi, and even i dont recieve any kind of notic from bank because iam still there at same address.
Guest
(Expert) 29 February 2012
Ask the caller to provide you the detailed statement of debits & credits of the loan amount. Normally, the callers are the agents, not the bank and they try to pursue for payment to earn their commission.
Raj Kumar Makkad
(Expert) 29 February 2012
A bank cannot charge such old loan as the recovery can be made within 3 years of last confirmation of debt. The period of 12 years is much more and banker has lost its right to recover at such belated stage.
mazid
(Querist) 01 March 2012
Thankyou sir thanks a lot for your valuable suggestions but that guy say i will call the police and arrest you and direct go to the court. this can happen with me?. iam realy worried about that thats why iam ready to pay 20000 but not more than because i have save 10000 for my girl child. iam ready to pay but i dont want go to court. please suggest what will i do.
Guest
(Expert) 01 March 2012
Just ask the particulars of calling person or note down his phone number and file a compalint with the police for threatening you.
You may also lodge a compaint with the banking Ombudsman for such harassing attitude by the bank without supplying you with the copy of debit/credit statement.
Bank can file a suit for recovery, but cannot use threatening tactics. If some one personally visits you or tries to harass you or your family members even in your absence. Must not fail to check his identity card and ring at 100 and call the police on the spot to arrest the fellow.
mazid
(Querist) 01 March 2012
alright sir, first of all i will tell him to provide me statment of my loan if he will continue threating me then i will cal the polic. right sir.
Thankyou sir your valuable time and suggestions.
i will let you know the updates thanks again
Guest
(Expert) 01 March 2012
You are welcome Mazid.
R.K Nanda 
(Expert) 02 March 2012
Dear Client,
If the bank has executed balance dues letter from you recently, only then it can recover dues from you and not otherwise as it is 12 years old a/c.
Please feel free, if you require more advise, then contact me on Mobile Via Path Legal.
All the Best.
R.K.NANDA - ADVOCATE
DELHI HIGH COURT & SUPREME COURT OF INDIA
