Pre-litigation dispute
Ramanathan
(Querist) 10 December 2014
This query is : Resolved
Dear Experts
I went to LokAdalat, the Bank said one time settlement amount and I agreed and I had ask only 6 months time, finally they agree and the agreement prepared by the Hon.Retd.Judges Desk and I have signed and I ask the the copy of that they advice this is not necessary for you, the Bank will sent you a detailed letter.
Now I am feeling very much I can negotiate the amount but I didnt. later I noticed other customers are negotiated the amount and they settled.
Now I have any chance to negotiate.
Please advice.
Thanks & Regards,
Ramnathan
Devajyoti Barman
(Expert) 11 December 2014
Lok Adalat can not force you to pay the amount. However if you visit and both of you reach to a amicable settlement , it shall have enforcing affect.
So I will advise you to go there and negotiate with them. it is a good opportunity for you to do that.
Rajendra K Goyal
(Expert) 11 December 2014
Participate there in Lok Adalat and try to reach an agreement with the credit card company.
R.K Nanda
(Expert) 11 December 2014
go to LA with lawyer.
ajay sethi
(Expert) 11 December 2014
if bank is willing to settle for principal amount in lok adalat grab the offer
Ramanathan
(Querist) 14 December 2014
Dear experts, thank you very much for your valuable advice.
Ramanathan
(Querist) 15 December 2014
I went to LokAdalat, the Bank said one time settlement amount and I agreed and I had ask only 6 months time, finally they agree and the agreement prepared by the Hon.Retd.Judges Desk and I have signed and I ask the the copy of that they advice this is not necessary for you, the Bank will sent you a detailed letter.
Now I am feeling very much I can negotiate the amount but I didnt. later I noticed other customers are negotiated the amount and they settled.
Now I have any chance to negotiate.
Please advice.
Thanks & Regards,
Ramnathan
Ramanathan
(Querist) 19 December 2014
I went to LokAdalat, the Bank said one time settlement amount and I agreed and I had ask only 6 months time, finally they agree and the agreement prepared by the Hon.Retd.Judges Desk and I have signed and I ask the the copy of that they advice this is not necessary for you, the Bank will sent you a detailed letter.
Now I am feeling very much I can negotiate the amount but I didnt. later I noticed other customers are negotiated the amount and they settled.
Now I have any chance to negotiate.
Please advice.
Thanks & Regards,
Ramnathan
Guest
(Expert) 19 December 2014
Mr. Ramanathan,
Since you have already signed agreement, now it all depends upon the bank's discretion to agree or disagree for renegotiation. Most probably, the bank will not agree for the lesser than the agreed amount in the wake of agreement already entered in to.
So, better approach the bank authorities to find out if there is any scope for you.
