Legal Question in Consumer Law in India

i have taken a loan of rs 8 lacs for business but business badly failed bank seal my house the only shelter of my family. bank is demanding rs. 14 lac but i pay only rs. 1182000.00 i am doing a labour


Asked on 8/13/10, 12:26 am

1 Answer from Attorneys

Mantosh Sarkar M.Sarkar & Associates

Pl. honestly represent your state and ask them co-operate most humanly.

Make them believe that you are a subject of situation, also state how

you wish to pay, if you have no resource appeal them to write off the debt

for practical situation. donot confront. sinceyou have almost cleared the debt,

perhaps so long you never represented in writing so as to Bank has presumed

you are deliberately not paying your debt.

further sealing of house requires so many proceeding by the respective bank

and your woes and cuase must be taken into account by the Bank.

And a praactical situation and real sitution is always a must observed norms by the Banks.

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Answered on 8/16/10, 8:38 am


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