Querist :
Anonymous
(Querist) 09 September 2010
This query is : Resolved
Dear Sir, i've received a notice from court charging me with act 138 on behalf of citi bank for bouncing of their ECS CHEQUES. last year i had emailed them several times to reduce my ecs amout considering my present financial crisis but they didn't agree to it. now what would be the effect of this act 138 on me and what should be my steps to countfight this act. i want to pay off the remaing amount but with smaller installment. plz. guide me
s.subramanian
(Expert) 09 September 2010
you can make such a request to the court itself and start making payment in instalments during each hearing of the case.
Parthasarathi Loganathan
(Expert) 09 September 2010
There is an option to get the loan repayment re-scheduled subject to the fact that the interest applied thereon to your loan is fully serviced.
Trouble Logging in? Try following the given steps -
1. Visit your inbox to find a confirmation mail from LAWyersClubIndia.
2. Click on the confirmation link and confirm your signup