Legal Question in Credit and Debt Law in India

Ecs

I have taken a vehicle loan from reliance consumer finance bangalore,however due to my father's road accident and my office closing down due to recession,i am not able to pay my monthly emi.The collection people are harrasing me and my family by calling and coming over to my place for the amount.However i have sent a request letter from my lawyer's side.inspite of this request letter being sent to them , they are continuing to harrase me and my family.How can i avoid these calls from collection people?please advice.


Asked on 1/28/09, 4:43 am

2 Answers from Attorneys
Vishwa Arya Arya & Co.

Re: Ecs

repeat question, already answered

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Answered on 1/28/09, 8:10 am
Venkatesh Babu, E. V & M Associates

Re: Ecs

Sir,

You would have entered the Hire Purchase / Loan Agreement with the Financier, please see your agreement signed by you wherein there should be some clause which would come for your rescue.

Further, if there is a Arbitration Clause then you invoke the Arbitration Clause and issue notice by appointing the Arbitrator to here your disputes.

The Collection people cannot harrase you for the payment, if they do so then you give the Police Complaint for the harrasement.

However, you have to pay the amount due any how after some time. So, it is advisable to speak to the Financier and settle the issue as one time settlement and get the no dues certificate.

With Regards,

E.VENKATESH BABU

ADVOCATE, CHENNAI

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Answered on 1/28/09, 9:45 pm


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