Legal Question in Credit and Debt Law in India

I failed to repay c.c loan from abn amro. one advocate from delhi is threatening me for warrants and arrest.

should i oblige to him. can a credit card defauter for 9 years be arrested ?


Asked on 12/03/16, 6:29 am

2 Answers from Attorneys
Dr Katta Venkata Rama Krishna Drkattavrk

1) No. It might be time barred.

2) Lodge complaint with Police, RBI and the Bank.

Read more
Answered on 12/03/16, 7:54 pm
Fca Prashant Chavan Expert Edge LLP

04.12.2016

Dear Sir / Madam,

You should directly go and sort out the matter with the Bank. Yes, a credit card defaulter can be legally tried and arrested through a Court decree.

Regards,

Read more
Answered on 12/04/16, 1:50 am


Related Questions & Answers

More Credit, Debt and Collections Law questions and answers in India