Legal Question in Banking Law in India

you may simply approach the bank and meet the officer holding your file. tell him that you want to settle the EMIs an he would help you removing the name from cibel and accept full and final payment towards due and issue a no due certificate. or you can wait for the bank to initiate legal proceedings against you and then you may pay off before the court as per ur convenience.

Settle with the Bank as early as possible.

No bank wants to get into the litigation. Your best bet is approach your bank and explain your circumstances. Request them to settle the EMI without penalty, which the bank normally accept if you are making up to date settlement.

Approach the bank officer and inform him the same. While settling do not fail to take a no due letter from the bank and inform the bank to withdraw the cases if any filed. In respect of CIBIL issue bank will do the needful.

We think that we can help you to solve your affairs forthwith, please send us your documents or write an detailed e-mail in order to notify the circumstance. We checked over the documents thereafter, we will return your added phone number,e-mail or address,as soon as.