Bank Panel Advocate Fees: 

What You Need to Know

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By: Fun-Hindi.Com July 29, 2023

When a bank is involved in legal proceedings, it often appoints a panel of advocates to represent its interests. These advocates are typically experienced lawyers who specialize in banking law.

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By: Fun-Hindi.Com July 29, 2023

When a bank is involved in legal proceedings, it often appoints a panel of advocates to represent its interests. These advocates are typically experienced lawyers who specialize in banking law.

By: Fun-Hindi.Com July 29, 2023

Canara Bank:

the fees for a simple debt recovery case may be around Rs. 10,000, while the fees for a more complex commercial case may be around Rs. 50,000.

By: Fun-Hindi.Com July 29, 2023

State Bank of India:

the fees for a simple loan default case may be around Rs. 5,000, while the fees for a more complex foreclosure case may be around Rs. 25,000.

HDFC Bank:

The fees payable to a HDFC Bank panel advocate are typically around Rs. 10,000 for a simple case and Rs. 50,000 for a more complex case.

Here are some factors to consider when comparing the fees of bank panel advocates and private lawyers:

Here are some factors to consider when comparing the fees of bank panel advocates and private lawyers:

By: Fun-Hindi.Com July 29, 2023

– Experience: Bank panel advocates typically have less experience than private lawyers. However, they may have more experience in handling cases involving the specific bank.

– Specialization: Bank panel advocates may not be as specialized as private lawyers in certain areas of law. However, they may have more experience in handling cases involving the specific bank.

– Cost: Bank panel advocate fees are typically lower than the fees charged by private lawyers. However, there may be other costs associated with hiring a bank panel advocate, such as court fees, filing fees, and travel expenses.

– Availability: Bank panel advocates may be more available than private lawyers. However, they may not be available to handle cases that are outside of their area of expertise.

if you are looking for a lawyer who is cost-effective and available, you may want to consider hiring a bank panel advocate.

Here are some examples of bank panel advocate fees for different types of cases:

Here are some examples of bank panel advocate fees for different types of cases:

– Loan recovery cases: The fees for loan recovery cases typically range from Rs. 10,000 to Rs. 50,000.

– Loan recovery cases: The fees for loan recovery cases typically range from Rs. 10,000 to Rs. 50,000.

– Debt recovery cases: The fees for debt recovery cases typically range from Rs. 15,000 to Rs. 75,000.

– Debt recovery cases: The fees for debt recovery cases typically range from Rs. 15,000 to Rs. 75,000.

– Property foreclosure cases: The fees for property foreclosure cases typically range from Rs. 20,000 to Rs. 100,000.

If you are facing a legal challenge with your bank, you should contact the bank to inquire about their panel advocate fees. You should also be sure to get everything in writing, including the fees that will be charged and the scope of the advocate's services. circle