vehicle repossession
Ranbir
(Querist) 04 October 2018
This query is : Resolved
dear sir,
I am owner of one vehicle which was refinanced by me from bank
that after some time my vehicle was repossessed by the bank as I could not pay the emi now I have also heard that they have sold the said vehicle after these the bank is further threatening me to pay an amount of rs 400000 as after selling the vehicle this is the due to be paid from my end otherwise I will be put jail sir can bank file criminal case against me after repossessing the vehicle 5 years back when the valuation of vehicle was only 3 lakh
Ranbir
(Querist) 04 October 2018
sir I had got summon from magistrate court to appear in the hearing date also
Ranbir
(Querist) 04 October 2018
section 420 ,406 and 120b has been filed by bank against me in metropolitan magistrate court pls help
Dr J C Vashista
(Expert) 04 October 2018
Did you not file any suit for repossession of your vehicle and mandatory injunction against financier when the banker took possession of the vehicle?
Complaint u/s 420/406/120B IPC is not maintainable in given circumstances.
The financier may file suit for recovery.
Consult and engage a local prudent lawyer for contesting your case(s).
However, if you are located in Delhi and feel may contact me (on appointment) at:
Chamber No 647, 6th Floor, Lawyer's Chamber Block, Dwarka Courts Complex, New Delhi-110075
Cell # 9891152939 email: majjagdish@yahoo.com
Ranbir
(Querist) 04 October 2018
my vehicle seized by police in a false rape case and the vehicle was repossessed by the financed from the custody of police where I had bail bon for the release of the vehicle
Ranbir
(Querist) 16 October 2018
Can financier file suit for recovery against me directly in high court without approaching the district court please comment
