Unbale To Pay Govt Scheme Loan Due To Loss And Bankruptcy | Vkeel - Free Legal Advice

Rahul Ramsing Tadavi

Bank offered me a loan under stand up India scheme which for ST in only so I took as it was bank target and stated little eatery but after year I suffered loss big loss that took my family in a big financial crunch we barely have money to spend on food someday But I was paying bank when I was earing and since debt occurred I was unable to pay bank any money and I am not in position of settlement by paying lot much amount which bank is asking I just want to close and save from case by paying little affordable that can be managed by selling goods of eatery and some by arranging from friends I need help if this can be done

Expert's Answers(2)

Advocate Smitha B
Mangalore, Karnataka

4 Client Ratings

Yes, this can be done you appear before the court and put forth your prayer that you will repay kindly refer to the Lok Adalath (which means the Janata nyayalay ) where you could get your case solved.

September 10, 2019
Advocate Vishnu Vi
Warangal, Telangana

Wait next coming ruling Govt will set aside the loan amount.

September 8, 2019