Legal Question in Banking Law in India
Sir i was purchase a car from the loan of i c i ci bank
but due to economic problum i have not pay full installment.....
further bank imposed a criminal case
Sec 420 n 406 ipc
It is possible for bank
what is right solution for me....
Asked on 2/28/16, 8:32 pm
1 Answer from Attorneys
Fca Prashant Chavan
Expert Edge LLP
29.02.2016
Dear Sir / Madam,
Simply offer to return the car back to the Bank at the present market value and settle the loan. The Bank is right in imposing a case against you.
Regards,
Answered on 2/29/16, 8:06 am
Related Questions & Answers
-
Dear Sir I am running a business and suddenly the orders were cancelled to meet the... Asked 2/28/16, 8:07 am in India Banking Law
-
Installment of a loan amount is paying through ECS. This ECS bounce is falling under... Asked 2/28/16, 4:59 am in India Banking Law
-
A company send me demand draft after the validity period of my dividend warrant... Asked 2/27/16, 7:41 am in India Banking Law
-
Some one made fake bank statement and company is blaming on me how can I react on... Asked 2/25/16, 12:41 pm in India Banking Law
-
Can a cooperative housing society open a saving account in coperative bank in delhi . Asked 2/24/16, 6:05 pm in India Banking Law
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
