Summon for Settlement of Issues. (Educational Loan)
Hi Sir/Ma'am,
I took Educational Loan from SBI for completing my studies (B.tech , [deleted]). After completion of my studies i started paying the loan but was not regular due to my poor financial condition. The amount i was paying was also less than the installment amount that the bank wanted me to pay. So , the loan account turned into NPA and then after some time it was written off.
Today , I received a letter of "Summon for settlement of Issues in the court of senior civil judge , Rourkela " on 20th January 2018.
My present condition is that i got a government job and my joining is in March 2018 and i will only be able to pay from May 2018 onward (each month form my salary) and that too in installment.
KIndly suggest me what to do now ?--
1) Should i talk to the bank directly about the settlement?
2) Do i need to appear on 20th jan 2018 and talk about the settlement there in the civil court of Rourkela ( which is not my home city )
as i am from Patna?
3) Should i skip the summon and directly talk to the Bank about the settlement in March after joining the job ?
Thanks in Advance.
Regards
Abhishek Sinha