Lost Money In Indian Stock Market | Vkeel - Free Legal Advice

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WOODBRIDGE

I had invested in Indian stock market options and futures and lost 39 lakhs in a span of a year. Some 20% was from savings 16% personal loans and rest from parents and friends. It started with technical error with the Zerodha trading app where suddenly I lost 8 lakhs in a day and later to recover it lost everything eventually. I shifted in PR to Canada 5 months back but due to Covid its difficult to pay the bills. An unsecured loan is SBI credit card 1.18 lakhs and HSBC credit card 1.45 lakhs. Secured ones are 3 lakhs taken with interest its 4.5 lakhs, in which around 70,000 is paid back. I have paid all loans on time till now. I wanted to know what I can do in this matter as I'm in a messed up situation. KIDNLY GUIDE ME.

Expert's Answers(3)

H K Chaturvedi, Advocate Supreme Court.
Noida, Uttar Pradesh

12 Client Ratings

You have many more options to handle this situation. One of the options for Insolvency Petition in worst time. But before going for Insolvency Petition, you may issue legal Notice to the Banks as per RBI guidelines to settle your loans considering your financial condition. Book Consultation for further help.

May 14, 2020
Advocate G Santhosh
Coimbatore, Tamil Nadu

2 Client Ratings

your loans unsecured one immediately file the suit thank you

April 25, 2020
Kishan Retired Judge ( Advocate)
Bengaluru, Karnataka

184 Client Ratings

Dear Sir, It seems your loans are unsecured. So you may ask the bankers to file civil suits for recovery if they cannâ€™t wait for more time. Please give me Rank 5 and Review my Resume and Follow Me and talk to me by taking PAID phone consultation

April 24, 2020