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Manjunatha (Engineer)     03 June 2013

Lok adalath notice

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

 



 3 Replies

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/Telangana state 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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