Manjunatha (Engineer) 03 June 2013
Dear All,
I am Manju from Banagalore, I was using credi crad CITI Bank and I made transaction for 50,000/- for my personal. After that I asked the CITI Bank peole to convert in to EMI but they refused to do. I paid few months minimum due after I fed up with that since my principal amount not reduced.
after one year stopping payment now got a lok adalath notice.
Please help me how can I deal with this situation.
Thanks
Manju
adv. rajeev ( rajoo ) (practicing advocate) 03 June 2013
You can try for one time settlement in lok adalat. YOu have got chance.
Rama chary Rachakonda (Secunderabad/Highcourt practice watsapp no.9989324294 ) 03 June 2013
Show the refusal letter in the lok adalat and bargain to reduce the interest part.
Manjunatha (Engineer) 03 June 2013
HI All,
Thanks for your valuable reply
Suold I appear in lok adalth on the mentioned date in the notice.?
The bank people agreeing for 20,000/- as a settlement.. I am confused where I should go.
What about CIBIL Celerance, If I go with the Lok adalth can I get cibil clerance.
Thank you
Manju
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