Legal Question in Banking Law in India

Dear Sir,
I took a personal loan from one of the reputed bank in hyderabad and for two years i paid my instalments regularly,but unfortunately i lost my job and i am in depleted condition neither i am able to run my house nor i am able to pay my dues in time and now bank has sent me a letter stating to pay my total amoynt due as on date which i am unable to do so.
I am in deep mess as today i need to look after my family as well get in some good job,request you to help me in finding some solution so that i can get a relief from my payment for atleast four to six months and i would definately clear all my dues.
Munawwer Ali Khan.

Asked on 9/05/09, 1:21 pm

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Request the bank in writing to give you some time. it will take one to two months and then you take some time to decide.

Answered on 9/06/09, 5:15 am

J. Radhakrishnan independent Practice

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Make a fervent appeal to the Bank requesting them to reschedule the payment. Nothing else possible.

Answered on 9/06/09, 8:10 am

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