Legal Question in Banking Law in India

bajaj finance

dear sir i have taken--name removed--loan from bajaj finance in year 2006 of rupees 30000 and the repayment was fixed in ecs of 1714 Rs now i was unable to repay emi for 5 months as the company has sent me letter regarding legel case wil be filled if i dont repay the said 5 months amount please email me what shal i do as i am not in position to reapy it immdetly

thanking you


Asked on 7/08/09, 4:38 am

3 Answers from Attorneys
Rohini Kumar Tenneti R.K.1080 LEGAL SERVICES

Re: bajaj finance

The remedies for such cases are very limited,as you are bound to accept the bank's demand.

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Answered on 7/08/09, 4:46 am
Pranav Desai PD Legal & Associates

Re: bajaj finance

Approach the company and request them to rescheduled your loan.

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Answered on 7/08/09, 5:25 am
Sudershan Goel India Law Offices of Sudershan Goel - Advocate

Re: bajaj finance

You may settle your liability by all means; to avoid problems.

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Answered on 7/08/09, 6:55 am


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