Legal Question in Credit and Debt Law in India

Hello, In Jan 2010 I defaulted in repayment of my personal loan(Barclays bank) due to closure of my business, I received a lawyers notice in mar 2010 under sec 138, after that there has been no communication from the bank or any from my side.

Although my intention is clear the loan, my situation does not permit, I do have some legal queries on this case.

1) is this time bared? (statute of limitations)

2) blank non dated chqs were given at the time of sanction, can the bank present them now(2015) and initiate legal proceedings?

3) what are my rights if the bank recovery agents threaten and intimidate me on the phone ?

Thanks in advance


Asked on 5/11/15, 4:25 am

1 Answer from Attorneys

Fca Prashant Chavan Expert Edge LLP

11.05.2015

Repeat query. Already answered. Due to a system bug, Lawguru.com repeatedly posts the same query again and again at regular intervals for an Attorney's reply, which bug needs to be rectified by the Lawguru Website Administrator, in order to avoid unnecessarily wasting the time and effort of the Attorneys.

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Answered on 5/11/15, 4:51 am


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