Legal Question in Banking Law in India
Hello,
My uncle had purchased one second hand Tempo (3-wheeler) 4 years ago through finance company. But due to some financial problems my uncle failed to repay the EMI & for amount of 24000 Rs he handed over the tempo to finance company.
Now after 4 years, one notice has came to my home from advocate on behalf of Finance company that, your settlement is pending & kindly pay 30000 Rs for complete settlement. Pl. guide us how to tackle this issue.
Asked on 6/28/13, 11:22 pm
1 Answer from Attorneys
J. Radhakrishnan
independent Practice
They cannot take action.Pl. take the assistance of a local lawyer to reply legally.
Answered on 6/29/13, 11:50 am
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