Kotak Mahindra Bank — Arbitration Letter

Hello,

My name is Pruthvi, from Bangalore.

I have borrowed a loan from Kotak Bank and other banks as well.

I have been paying regularly to all the loans until October 2022. But since then I have been facing financial issues.

My situation gone worse and my financial problems exceeded to 30 lakhs.

Hence I was unable to pay any loans or credit cards.

Now received a Arbitration letter from Kotak bank, threatening they will seize all my belongings.

I have paid almost 48 EMI's out of 60 total emi's to Kotak. But this kind of behavior really not fair.

I have been updating all the collection agency associates as well regarding my problem, one of the field executive stated he'll get back to to with an settlement offer. But never returned.

In-spite of being in touch with bankers they sent me a letter.

Now I'm not in a possess to pay the loan. I'm trying to arrange and also my family members are trying to help me. I need a month or 2 to pay all.

Please help me out.

Thank you,
Pruthviraj Ganiga N