Bank personal loan cheque bounce

Vinod (Querist) 30 August 2014 This query is : Resolved
my friend son taken personal loan from bank at the time of job,now he lost the job and three EMI chq. bounced and recovery agent of bank forcing on mobile and contacting his father and other releatives and coming regularaly at working palace of his father and shouting.
The loan is to him given by the bank without confirming father and relative.

Please suggest me how to help my friend in this situation to come out.

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Sudhir Kumar, Advocate (Expert) 30 August 2014
pay loan to bank it is none of bank's fault if he lost job.

Sudhir Kumar, Advocate (Expert) 30 August 2014
If the bank agents come bullying at father's workplace then let his father hand him over to the police

Sudhir Kumar, Advocate (Expert) 30 August 2014
sorry P.S.

when cheques have bounced why the bank have not initiated criminal action and why are they employing goons.

Please check facts. Correct facts have not been given to you.

Advocate. Arunagiri (Expert) 30 August 2014
I suggest to meet the bank officials, give a letter to extend some time to restore the payment.

They will consider the case on merits.

Guest (Expert) 30 August 2014
Consult a good advocate and file a case in Lok adalat and seek time for repayment before they could proceed with 138 N.I.Case.

Devajyoti Barman (Expert) 31 August 2014
agree with experts.

malipeddi jaggarao (Expert) 31 August 2014
You are a friend of loanee. He can as well post the query instead of you on his behalf.

Bank has not initiated action under Sec.138 of NI Act.
Pressuring and recovering the dues is the duty of the Bank as it is dealing with public money.
If your friend's father is disturbed, he might be knowing how to deal with such situations.
Only 3 EMIs are pending, let somebody help him to come out of the trouble. Loosing job is not a ground for default.

Sudhir Kumar, Advocate (Expert) 31 August 2014
I regenerate

pay loan to bank it is none of bank's fault if he lost job.

ajay sethi (Expert) 31 August 2014
agree with experts

Rajendra K Goyal (Expert) 31 August 2014
Agree with the experts.+

V R SHROFF (Expert) 31 August 2014
pay loan to bank ...It's public money..

T. Kalaiselvan, Advocate (Expert) 04 September 2014
You have to repay the loan amount to bank. Don't expect any wrong advise from this place to escape the loan amount and its botheration before fulfilling your commitment.

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