22 January 2009
Is there any Act against the finance company where they called their client for settlement of default loan a/c.
But Bank officials are warning in the premises of Lok adalat to the concerned client of Bank to take the Non balaible warrant thru court in presence of so many people.
Interestingly there is no Lok adalat/Govt official is present, only Bank official was there..
23 January 2009
in lok adalat the bank representatives can explain to the other side about the conseqauences may be taken in the absence of the settlement in the lok adalat. But anyway he cannot compel or thread the otherside to settle the matter. that is depending upon his own will.
(Expert)
