Emi demand by finance company

Querist : Anonymous (Querist) 07 April 2025 This query is : Resolved
2 months before educational loan was transferred to institute name by one of the leading finance company on our name .loan was taken by nearly 400 people for business studies. Institute collected rs 5 crore in the form of education loan but in 2 months company ran away taking money not given any product also. And the finance company is asking for emis now. Finance company gave loan to so many people n the company ran away. Don't you think it is the mistake of finance company to ask emi and skip that pvt ltd company.

Follow Query

Report Abuse

kavksatyanarayana (Expert) 08 April 2025
The borrowers are responsible for repaying the loan, and there is no need for the finance company to skip it.

T. Kalaiselvan, Advocate (Expert) 08 April 2025
You have repeated the same question today itself in two different threads of this website, have a control over your anxiety and don't repeat.

P. Venu (Expert) 10 April 2025
Facts, as posted, are disjointed and vague. Any meaningful suggestion requires that the documents be perused and issues discussed.

Querist : Anonymous (Querist) 12 April 2025
Sir this is the scam done by finance company and educational will send u the info registering today for FIR IN MUMBA
I

Thankyou p.venu sir for your reply

Querist : Anonymous (Querist) 12 April 2025
Sir this is the scam done by finance company and educational will send u the info registering today for FIR IN MUMBA I Thankyou p.venu sir for your reply

T. Kalaiselvan, Advocate (Expert) 12 April 2025
you are not able to explain your problems even in this forum and it is not known that how you are going to express your grievances with evidences or facts before the law enforcing agents.

Previous

Next

You need to be the querist or approved LAWyersclub expert to take part in this query .

Click here to login now

Similar Resolved Queries :

Ask Query
Unanswered Queries