Taken a peronal loan from City Financial 2 years back. Amount was Rs 1,15,000/-. Till date paid back Rs 90,576/-. Being defaulter for last five months want to settle the loan now. At present unemployed so not in a position to pay any more in near future.
What will be the minimum amount mandatary for settlement? May I settle it with the rest of the principle amount ? Or with the rest of the 85% of the principle amount ?
What kind of legal actions can be taken by the company ? And what are the counter measures of those actions from my side ?
If the company put an F.I.R against me then can I take the bail? What are the procedures ?
If the company put a case against me then how can I defend it ?
