Personal loan and closing of bank account reg
Mrs.Ramya.K
(Querist) 29 May 2016
This query is : Resolved
Dear Sirs
Thanks for your early replies. Here I am giving you compleete details which I enquired my friend.
He has taken loan on Jan 1 2008 for tennure of 48 months.which ends Dec,2011 He paid sincerly for 1 and half year without fail. Unfortunately he lost his entire money in business. Now his position is very bad he is not able to run his family. he is totally depend on his freinds. After taking loan he requested the bank to cancel his savings account. They cancelled his account. Here my question is how bank cancelled his savings account for which the bank has given personal loan? They already having post dated cheques with them why they are not filing a complaint in PS. It is already passed 48 months & moreover 5 years(nearly)compleeted why they are not going to court to file a case. Still the agents are coming to his house. In front of me they told to my friend we sent lot of legal notices to you but you have not received, that's why we are coming to your home. But my friend is not received single notice. They forcely asking him to come for settlement. The amount which they asking is too high. my friend is ready to pay half of in that by cancelling his insurence policy. but they are not willing to agree. everyday they are com ing to house and asking his wife regarding payment and asking her husband to come to for settlement. one day my friend called the police and explained them everything. it's all vain. You told me to ask my friend to give a complaint in PS. The HEad Conistable supporting them and advising my freind to visit bank. Is it possible to file a case in court to bring conclusion. Pl give your valuable advise so that I will guide my friend according to that. if possible I will arrange a lawyer with your advise.
SAINATH DEVALLA
(Expert) 30 May 2016
If the loan is time barred,the bank cannot proceed legally.I presume it is time barred.Police are always in favour of the collection agencies for reasons only known to them.A saving's account linked to loan cannot be canncelled.Better check up with the bank.
If the harassment does not stop issue a legal notice to the bank and the recovery agency as well,including a copy to the SHO concerned Police station.
Rajendra K Goyal
(Expert) 30 May 2016
Repeated query:
http://www.lawyersclubindia.com/experts/Personal-loan-reg-600901.asp
http://www.lawyersclubindia.com/experts/Personal-loan-reg-600996.asp
http://www.lawyersclubindia.com/experts/Personal-loan-reg-601001.asp
http://www.lawyersclubindia.com/experts/Personal-loan-and-closing-of-bank-account-reg-601206.asp
Dr J C Vashista
(Expert) 02 June 2016
Instead of repeating same story (not query) you must consult a local lawyer, if you are dissatisfied with FREE LEGAL EXPERT'S response(s).
