Legal Question in Banking Law in India
I had a default on my credit card in 2007 with Barclays Bank. And I did not paid the amount as Barclays Bank closed its operations in India and closed their all branches. So I did not found anyone whom to repay the debt. Now suddenly last month someone from Kotak Mahindra Bank approached me for that debt to pay instantly. We together agreed on a settlement amount of 15000 but I said them I will pay this after October 2013. As I don't have money to repay now. Now they are harassing me on a daily basis via phone call and regular visit to my home. Can somebody help what to do to stop them harassing me ?
1 Answer from Attorneys
13.09.2013
Dear Sir / Madam,
Barclays Bank operations in India have been taken over by Kotak Mahindra Bank. I find it hard to think of there being an end to your harassment, unless and until you pay off and settle the entire outstanding owed by you on your card to the bank.
Regards,
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