Lok adalat on non repayment of loan?

Community Forums Legal Advice India Lok adalat on non repayment of loan?

Viewing 0 reply threads
  • Author
    Posts
    • #76474 Reply
      User_b5c75bfc
      Participant
        U
        User_b5c75bfc
        PARTICIPANT
        January 11, 2025 at 8:34 am
        So if you have read my previous post this is the continuation of the same situation. The new job that my dad
        We’ve now got a call from a bank official asking to sign some paper and go for lok adalat.
        Can anyone explain what this whole thing is and how it works?
        I’ve understood we can stall some time with lok adalat but what if we are unable to pay even in that given timeline, what then?
        We are in a really bad financial state. So it’s impossible to predict if we may be able to pay it back even then. What do we do?
        And can we take maybe 2 years of repayment time? By then I’ll be finishing and getting a job as well.

    Viewing 0 reply threads
    Reply To: Lok adalat on non repayment of loan?
    Your information: