How can I make sure that the execution case settlement offered by the bank

Thank you for reaching out and sharing the details of your situation.

It’s encouraging to hear that the bank is willing to waive the interest and late payment fees, but I completely understand your concern about the potential risks involved.

In such cases, I strongly recommend proceeding with caution.

Before making any payments or agreeing to settle outside of court, it is crucial to have a well-documented settlement agreement that clearly outlines the terms, including a commitment from the bank to withdraw the case and confirm that no further payments will be demanded, including legal fees.

This agreement should ideally be reviewed or drafted by a legal professional to ensure your interests are fully protected.

Informing the court about your intention to settle might also be necessary, but this step should be carefully managed based on the finalized agreement terms.

I’d be happy to assist you in reviewing the bank’s offer letter and advising on the necessary steps to finalize the settlement securely.

Please feel free to reach out to me on WhatsApp or phone to discuss your case further. I look forward to helping you achieve a favorable resolution.

Best regards,

Suhail Rana

Hello,

If the bank has issued an offer letter that clearly outlines the settlement terms (waiving interest and late fees and closing the loan upon a single payment), you should trust the offer on the condition that it is legally binding and clearly documented.

If everything is clear and you are satisfied with the terms of the offer letter, make the payment according to the agreement, ensuring that you keep all receipts, bank transfer records, and a copy of the offer letter.

We understand your concerns. Nowadays the bank will be playing such tactics towards their customers.

So first, you get a settlement letter from the bank, and you have to submit it to the court and get approval from the bank before paying anything.

The agreement should clearly mention that both parties are waiving their rights to claim anything regarding this loan in the future.

It will be better if you have the presence of some officials. If you need further clarification kindly share your WhatsApp number. we will discuss further.

Hello,

It is advisable to ensure that all agreements are documented in writing.

Ideally, the settlement agreement with the bank should be notarised through the notary public to avoid any disputes later.

If you make any payments outside of court, retain all receipts and proof of payment, as these may be required to present to the court if necessary.

Please note that the execution court will not close the case unless the full judgment amount has been paid or an external settlement agreement, regardless of the amount, is submitted to the court.

Therefore, it is crucial to ensure the settlement terms explicitly state that the bank will withdraw the case and waive any additional claims, including legal fees after the payment is made.

Dear questioner

If you doubt the genuinity of the terms from the bank then settle with the bank by signing well well-structured settlement agreement. If you need further assistance kindly share your Whatsapp number.