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  • 1 Post By dijendra.singh

Thread: LEGAL Aspects of ONETIME SETTLEMENTS - GO FOR WAIVED OFF SETTLEMENTS- DR.B.N.SOANS

  1. #1
    brian nathaniel soans is offline Senior Member
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    Exclamation LEGAL Aspects of ONETIME SETTLEMENTS - GO FOR WAIVED OFF SETTLEMENTS- DR.B.N.SOANS

    BANKING LAWS : UNDERSTANDING THE LAW
    here is an insight into banking . Understanding how people or agents of the banks have been misled consumers in some way or the other is important., as its said once bitten twice shy- thus consumers need to be cautious.
    Role of CIBIL in the matter.


    What is the differance between WAIVED OFF Settlement and ONE TIME settlement.


    It is well known fact to run a business of banking in India A bank remitts Rs.300 crore as safety deposit remittance at RBI.
    Of which 74% is Government equity - in form of depositries of public at the bank and the remaining 26% is raised as under private equity funds raised from share market in the form of share holdings.

    The lending cash by the BANK is from such depositries of which 74% of lending is insured lending. 26% is uninsured.

    Now when a borrower from the particular bank borrows a sum of Rs.1 lakh He is entitled to pay a nominal interest to the bank which is inturn the income generator for the bank.
    After all BANKERS are Traders in Monies like any other trader in any other Product.
    Banks can thus impose on the borrower a nominal sum of Interest - as under classified in compliance with the INTEREST Regulations laid down by the RBI.

    Technicalities: Most of the Nationalised banks follow the Interest Regulatory and charge accordingly. Thus defaults at Nationalised banks are very marginal compared to private banks.
    However few of Private Banks dont follow the Interest Regulations and overule the same by internal Governance of the Board of Directors who make the banks individual policies and then submitt and Activate the same with RBI.

    Reason for Loan defaults:
    The reason for a borrower defaulting a loan or a credit card payment are categrosied into 2 kinds. 1. willfull defaulter . 2. Circumstantial Defaulters.
    The highest are Circumstantial defaulters who have succumbed to the high burden of interest leived on their loans,credit cards and other liabilities.

    It is a known fact that 4% of excess interest rates charged by these Private Banks goes into commissioning forced recovery which is illegal by law.
    This forcefull default makes the aldready burdened defaulter get harrassed further and many of the loan defaulters turn to be unable to pay their dues.

    Tactics used by Banks to recover such BAD DEBTS.
    1st and foremost most private banks are themselves responsible for creation of BAD debts as their policy failure has created such Bad debtors.
    Banks use a policy to convince the Grevied consumer herin the borrower to make a payment of OTS or what is known as ONE TIME SETTLEMENT.
    For ex: If a borrower has borrowed 1lakh the bank and its representatives instruct the borrower to default 3 or 4 installments , write to their Board that the borrower is unable to pay. However the borrower is unaware not paying the installments they are automatically classified as a DEFAULTER . This kind of advice by bank executives spoils the CREDIT Rating of the Borrower.

    2: Once the board of the bank approves the settlement offer: The executives convince the borrower to pay 55% of the due loan. The borrower who has taken 1 lakh has aldready paid a High Rate of Interest - as the private banks have earlier overshot the interest rates.
    Now to avoid harrasssment the borrower pays up 50% or 55% of the loan and settles the mater at Rs.55,000.The borrower pays up the OTS settlement offer without realising that even after the payment is done thru OTS they still remain as they were in
    DEFAULTER-Deliquency status.

    3. The banks recieve 55,000 and show the remaining dues of 45,000 in their books of audits as losses incurred in the particular borrowers account and try to claim the amount under the RBI- Credit allowance scheme at the end of each Qauter and get some amount sanctioned-released by RBI as a buffer. RBI usually pays a certain sum of losses to the Banker as certain amount of loans are insured . However this payment - collected by RBI by the Banker - puts the CREDIT Rating of the Borrower in jeopardy.
    Any monies given by RBI in the name of the defaulter- borrower makes the borrower a permanent defaulter at RBI-CIR and the borrower will not avail loans neither from nationalised bank - nor a private bank for 6 years.

    Thus the status of the Borrower who opts for such OTS - unaware of the internal technicalities involved hereby not only is classified DEFAULTER at CIBIL but also is considered as Defaulter at RBI.
    Denying the Borrower - loans from natinalised as well as Private Banks.

    So opting for OTS- or Once Time Settlement is as good as paying up a certain sum -infact a part of your borrowed money - escape harrassment and legal prosecution by private banks - but still makes the borrower remain a defaulter.

    REMEDY :
    1st of all when a consumer borrows money from a Private BANK or any bank for that instance should take the loan only after understanding all the terms and conditions of the Loan. He/she should maintain a record of the loan file right from the loan agreement , monthly statements .
    If any discrepency is noted at some point of time by any of the party: borrower or the lender
    the same should be reported to eachother by WRIT.
    If the matters stands unresolved : the borrower can opt for a WAIVED OFF settlement with the lending bank.
    A waived off settlement is differant from One Time Settlement.
    If any bank arrives upon a waived off settlement proceeding with the borrower - on settlement of payment by the borrower under WAIVED OFF settlement., the BANK reserves no right to display the borrowers name as defaulter. Nor does the Bank have right to claim any amount - stating losses from RBI.

    For borrowers who are aldready stuck with wrong CIBIL records because of falling prey to OTS - Offers by lending banks .
    Procedure to follow:
    Your settlement letter can be sent to us .
    Allied Law shall by writ - under banking techno legal laws- under Information Technology act-2000 and also valid under ARBITRATION-ADJUDICATION Laws of Banking in India
    shall address the wrongfull - onesided baised display of defaulter status at CIBIL.

    In todays days of banking - CIBIL has become a blackmailing medium for many a banks to extract more amounts in the name of clearing the name of a borrower from defaulter status.
    Even after the borrower has paid an OTS many banks utilise CIBIL to update them as defaulters at CIBIL in order to sqeese and extract money from the borrower who has aldready settled more than 505 of dues falling aprey to OTS offers.

    If any banker offers OTS ., IT SHOULD BE TREATED AS WILLINGNESS TO CLOSE RECORDS OF LIABILITY : BY both concerned parties BORROWER as well as the Lending BANKER.
    An OTS CANNOT BE ONESIDED.

    Finally instead of offering OTS - Banks can offer WAIVED OFF settlement which releases the borrowers liabilty from the lending bank as WHOLE.

    CONSUMERS AFFECTED from OTS SETTLEMENTS and their names still reflecting at CIBIL can write to AlliedLaw which will help the borrower attain a Resolution-clearance status.
    A borrower who has a RC status can avail loans from other banks on acheieving the RC Status.

    When a bank gives a borrower waived off status or when a borrower achieves an RC Status
    the banks cannot hold the borrower responsible after settling liability.


    Dear CONSUMERS
    I hope you have understood differance between what is OTS - and a -WAIVED OFF settlement.
    You have settled your loan issues which you have done falling prey to a false information by some banking executive.Unless your existing default status is converted by WRIT TO RESOLUTIONARY Clearance status - Which can be only be done by a gazette banking -presiding officer or by a valid debt management company certified under RBI to handle such technolegal issues like AlliedLaw in India.
    Once RC Status is achieved a consumer can avail loans from any bank.

    Any clarification ., please write back to us.
    Cost : a fixed fee of Rs.2,000 for each case of default to be rectified from Existing Defaulter status to Resolutionary status.
    No hidden charges- no after costs- no commission for any case undertaken by AlliedLaw

    Assurance: your name will be cleared from CIBIL. RBI-CIR.
    Banks cant misuse to claim any amount from your loan matter stating losses thus you will be permanently cleared from defaulter status.

    ALLIEDLAW INFORMATIVES ON BANKING LAWS

    CALL: 09245201687 or write to : alliedlawbangalore@yahoo.in

  2. #2
    dijendra.singh is offline Junior Member
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    Jun 2011
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    Default

    FRAUD LAWYER
    Dear ALL,

    PLEASE BEWARE OF MR.B N SOANS sometimes he himself also treat as Dr. B N Soans, but i doubt that he is a real Dr. who done his Ph.D, this guyfull name is BRAIN NATHANIEL SOAN he is a full time fraud lawyer with his firm named at the top. He is very clever as he charged only Rs.3000 or less and says that he clears all credit card mess within 3 months , the same he has done with me but it is not at all possible and he had not even worked on my case from last 6 months. He is fully fraud he talks big big , he is basically from COONOR...
    hE HIMSELF ALSO NOT CLEAR OF WHAT HE TALKS....

    FOR ANY CLARIFICATION CALL ME AT 9738199166...
    DIPU

  3. #3
    brian nathaniel soans is offline Senior Member
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    Default

    FRAUD SPAMSTER MISLEADING PEOPLE FOR SELFISH GAINS:

    It is of great and immense help that you have sent this posting.
    Action was initiated by cyber crime department and this person has faced sufficient investigation for his illegal acts.

    He is a close friend of HDFC DIRECT CUSTOMER EXECUTIVE in Bangalore who was got to us in the forefront
    as a prospective client.
    He was projected and sent to us as a consumer in March 2011 this year.
    The ulterior motives unknown and on investigation was found as an attempt by some recovery agents of HDFC
    who were affected by Alliedlaw stern action against forcefull recovery by agents had used DIJENDRA Singh as a
    forefront PROTEGUE to create a comotion that Allied LAW even takes money for undertaking false created cases.
    AlliedLaw works on integrity more than money. Money is not our criteria at all.
    Justification:

    The reason being DIJENDRA Singh is himself a defaulter- whether created and presented as defaulter woth falsified data
    too good to be beliviable by any lay person as true. But the Research and Analysis - Dept of finance detected the created and
    presented true to belive fraud as FRAUD .
    This person had paid a sum of Rs.4000 not Rs.3,000/- but for conducting falsified arbitration.
    It is true that we at Allied Law undertook his case - but when we found the ulterior motive had stopped any proceedings.
    Documents and attachments - 21 enclosured document of data is available for Solid PROOF as evidence.
    But in all legal business - it is the consumer who gives the correct and genuine document to his lawyer.
    When consumer gives altered and fraud created document to the lawyer and when the legal department on verification
    finds all details as fraud - has LEGAL RIGHT to dismiss such cases .The same was done in this matter.
    The projected consumer DIJENDRA Singh is a paid servant of some DIRECT Customer Associate and is basically
    identified to be from NORTH EASTERN INDIA residing in Bangalore.

    ALLIED LAW is very very clear however much a client pays - we dont deal with fraudulantly created and presented cases.
    AlliedLaw being well established doesnt require such illgotten amounts for committing wrongfull practises in
    BANKING LAWS.
    Thus the matter of FRAUD of Dijendra Singh and his ulterior motives were rejected by us . This is the reason for DIJENDRA Singh to
    come up with such wrongfull display.

    ALLIEDLAW had taken up this matter in March 2011 and the following person has accepted fault and requested by draft
    not to take any actionagainst him. Still it is unfortunate such indecisive and destructive minds invvolve in such misleading
    and canniving activities.
    Allied law feels that such matters shouldnt be given importance- as anti social elements like this who are jobless and their minds
    as good as devils workshops indulge in such cheap publicity.
    This activities doesnt affect or create any problem to ALLIEDLAW .

    There were couple of other attempts by some other recovery agent team of banks who had also vainly crated 2 such protegues
    in Bangalore TO CURB THE GOOD WORKS OF ALLIED LAW.
    BY GRACE OF GOD ALMIGHTY - IN THE BEST INTEREST OF JUSTICE and due to cooperation of many of genuinely helped
    clientale we are here to stay .We have faced such storms and are ready to face such storms in future.
    We cant stop ill minds and persons with ulterior motives from indulging in such misleading posts.

    It has to be understood that as human beings we are not here to JUDGE anyperson.
    Each individual is responsibe for his consience and his actions.
    AlliedLaw cannot sell its integrity for monies and in future also will curb such people who come with amounts
    to bribe officials at ALLIEDLAW with ulterior requests to cheat any individual or a financial institution.

    FOR DOCUMENTRY EVIDENCE ON THIS MATTER: WHICH PROVES THE ABOVE CLAIM of
    DIJENDRA SINGH TO BE TOTALLY FALSE - WITH CONFESSION OF CRIME
    WRITE TO:
    DR.B.N.Soans SPELT CORRECTLY AS: BRIAN NATHANIEL SOANS
    ALLIED LAW INC.
    MUMBAI
    HO:MUMBAI : CORPORATE MANAGEMENTS AT CHENNAI- BANGALORE-COIMBATORE

    Email: alliedlawmumbai@yahoo.in

    CALL: 09245201687 - 09245809644 - 09585323717


    THIS CUT AND PASTE IS A RESULT OF ALLIED LAW NOT ENETRAINING FALSE FRAUDLANT INTENTIONS OF THE ACCUSED.CAS E REGISTRED UNDER CYBER LAW ACT AT BANGALORE










    Quote Originally Posted by dijendra.singh View Post
    FRAUD LAWYER
    Dear ALL,

    PLEASE BEWARE OF MR.B N SOANS sometimes he himself also treat as Dr. B N Soans, but i doubt that he is a real Dr. who done his Ph.D, this guyfull name is BRAIN NATHANIEL SOAN he is a full time fraud lawyer with his firm named at the top. He is very clever as he charged only Rs.3000 or less and says that he clears all credit card mess within 3 months , the same he has done with me but it is not at all possible and he had not even worked on my case from last 6 months. He is fully fraud he talks big big , he is basically from COONOR...
    hE HIMSELF ALSO NOT CLEAR OF WHAT HE TALKS....

    FOR ANY CLARIFICATION CALL ME AT 9738199166...
    DIPU

  4. #4
    dijendra.singh is offline Junior Member
    Join Date
    Jun 2011
    Posts
    8

    Default

    FRAUD AND WASTE LAWYER
    hELLO Friends...
    ALLIED LAW INC... headed by Mr. Brian natha niel soans
    also sometime refer himself as Dr. b n soan he is complete fraud , he says that while sitting at his place at coonoor tamilnadu he will handle all credit card cases of india but its truly false he dont know anything and talks very big unheard stories which again is fake...he just want to fool the ignorant customers and to those who are in trouble to get out of this banks from where they took credit cards.. he knows well all individual will pay minimum Rs.3000 or less just to get rid of this kind of card or loan mess...so simply he take advantage and at last bring the option of settlement which anybody can do individually with the banks....
    Kindly call if any fall under this fraud lawyer and to get the maximum exposure...

    I challenge this person cannot help you at all, see the type of above statements all talks nothing works! Empty vessel sounds more. Most fun part is friends...he is the only person who runs this fraud racket company called Allied Law. Let him share the documents right here about us......

    HE CANNOT CLEAR YOUR CIBIL RECORDS AND WILL SIMPLY SETTLE LOANS VIA COLLECTION AGENCIES...YOU CAN CLEARLY MAKE OUT HE IS A AGENT OF SOME AGENCIES.....
    HE CLAIMS TO BE IN MUMBAI WITH MOBILE NOS FROM TAMILNADU BECAUSE HE WANTS TO ESCAPE FROM THE PEOPLE WHO HE HAS CHEATED.....

    ALSO FRIENDS WHO ARE AFFECTED BY THIS PERSON LET US JOIN TOGETHER AND FILE A CASE AGAINST HIM TO END THIS PERSON'S INTENTION OF TAKING ADVANTAGE OF AFFECTED PARTIES...PL CALL ME TO DISCUSS.
    Hari_consumercourt likes this.

  5. #5
    Join Date
    Jul 2011
    Posts
    30

    Default

    FRIENDS:

    Iam rajveer singh dhanjal. I have availed service of dr..Soans of Allied law. I can just say that i have benefited from his service .my cibil is clear now. he has helped me settle my loan on credit card .when the banks were not willing to listen to me and when they came to my house in basavangudi to harrass my sister and brotherin law in my absence soans had helped me get the recovery guy problem solved.he called r.t.nagar police station and the recovery guy was warned to to trouble my relatives.
    i dont know why some one is putting such ads here. i think he is agent for some bank.
    i can tell the viewers and vouch for brian soans and his works.

    why some people are so uncouth to trouble few honest people who are alive in todays world. i think some people in world has become insane.
    exxuse me for my bad words- but truth really hurts at times.
    stop posting false details when its not true

  6. #6
    Join Date
    Jul 2011
    Posts
    30

    Exclamation false and misleading consumers by posting fake claims on a honest guy

    FRIENDS:

    Iam rajveer singh dhanjal. I have availed service of dr..Soans of Allied law. I can just say that i have benefited from his service .my cibil is clear now. he has helped me settle my loan on credit card .when the banks were not willing to listen to me and when they came to my house in basavangudi to harrass my sister and brotherin law in my absence soans had helped me get the recovery guy problem solved.he called r.t.nagar police station and the recovery guy was warned to to trouble my relatives.
    i dont know why some one is putting such ads here. i think he is agent for some bank.
    i can tell the viewers and vouch for brian soans and his works.

    why some people are so uncouth to trouble few honest people who are alive in todays world. i think some people in world has become insane.
    exxuse me for my bad words- but truth really hurts at times.
    stop posting false details when its not true

  7. #7
    Unregistered Guest

    Default Fraud lawyer

    Fully FRAUD LAWYER or Banks say Jeyada yai loot reha hai logo ko .

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