non payment of loan
my cars emi problem agent give case to court due to not repayment of emi
The lending bank has the discretion to refer any default in loan repayment to an agent for recovery. The agent has the power to refer the matter to the Court. You will have to present your points before the Court to settle the matter. At the same time there are some protections given to the borrower. The Agent has to respect your privacy while interacting with you and cannot dictate terms to you. The RBI and the Indian Banking Association has taken note of Agents misusing their powers to harass borrowers. In case of any harassment by your Agent, you can file a complaint before the lending bank and even the RBI.
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