Shriram Finance Legal Retainer Interview Questions and Answers

The procedure about 138 NI Act involves filing a complaint, issuing summons, evidence presentation, and judgment.

• File a complaint under Section 138 of the Negotiable Instruments Act (NI Act)

• The complaint should be filed within 30 days of the dishonor of the cheque

• The court will issue summons to the accused

• The accused needs to appear before the court and can either plead guilty or defend the case

• Evidence is presented by both parties

• The court will examine the evidence and deliv...read more

The procedure in legal matters involves several steps and processes to ensure a fair and just resolution.

• Identifying the legal issue or problem

• Gathering relevant information and evidence

• Researching applicable laws and regulations

• Analyzing the strengths and weaknesses of the case

• Developing a legal strategy

• Drafting legal documents, such as complaints or contracts

• Negotiating with opposing parties

• Representing clients in court, if necessary

• Presenting arguments and evidence

• Obtainin...read more

To demand arrear and outstanding amount, send a formal written notice to the debtor.

• Send a formal written notice outlining the arrear and outstanding amount.

• Clearly state the consequences of non-payment.

• Provide a deadline for payment.

• Consider offering payment plans or negotiation options.

• Consult with a legal professional if necessary.

An FIR for vehicle theft typically includes details about the stolen vehicle and any potential suspects.

• Start with the date, time, and location of the theft

• Include a description of the stolen vehicle, including make, model, color, and license plate number

• Provide any identifying marks or features of the vehicle

• Include any potential suspects or witnesses, with their names and contact information if available

• End with a statement of the complainant's belief that a crime has been ...read more

Shortfall amount can be collected through negotiation, legal action, or installment plans.

• Negotiate with the debtor to pay the shortfall amount in full or through a payment plan.

• Consider taking legal action by filing a lawsuit or obtaining a judgment.

• Offer the option of installment plans to make it easier for the debtor to repay the shortfall amount.

• Utilize debt collection agencies or services to assist in collecting the shortfall amount.