What is legal process for recovering pledged (girvi) property/assets?
I have issue related to Girvi.
Dear client, if a loan is not repaid, the lender can give notice to the borrower and then sell the pledged assets to recover the dues. If disputed, the lender can file a civil case or take an action under the applicable laws to recover the loan. In short, recovery is done through notice, sale of assets or court process. I hope this answer your query, for further queries contact us.
If you have pledged (girvi) property or gold and the loan is fully repaid, the lender must legally return your item. If they refuse, send a legal notice first. If there's no response, you can file a police complaint or approach the consumer forum for recovery of your asset. For further legal assistance contact us on our helpline number.
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