Legal Question in Banking Law in India

I S. kumar having a credit card of SBI Credit card account and bearing with a limit of Rs.62000/- and with that card I used an amount of Rs. 51000/- and I paid an amount of Rs.1876/- & Rs.3533/- after that due to my financial issues I was not able to pay the balance and the same was came to settlement for Rs.45000/- with 3 months EMI basis (Aug, Sep, Oct�13) with in the 3 months time I had paid total Rs.35000/- and balance Rs.10000/- I was not able to pay again due to my financial crisis. when i contacted them after 2 months to pay the balance amount, now they are asking me to pay again Rs.44000/-. where as the settled outstanding amount is Rs.10000/- only.

They had informed me that my account was re settled and 1st settlement is not valid due to non payment of due amount in time.

As I had forwarded the same mail to SBI Nodal officer, even they had given a return mail as that my account to be re settled for Rs.44000/-.

kindly help me in this regard


Asked on 4/16/14, 2:31 am

1 Answer from Attorneys
Rajiv Chandhok Ph: +919810050896 https://www.linkedin.com/in/rajiv-chandok-0827b733/

Don't pay them anything and let them file the case in the lok adalat and then apprise the lok adalat of the facts of your case. You may drop in a detailed query at [email protected]

To know us better, please click on the links below:

http://www.linkedin.com/pub/rajiv-chandhok/33/7b7/82

http://www.lawguru.com/answers/atty_profile/view_attorney_profile/username#more_info

JSR/17414

Read more
Answered on 4/17/14, 12:08 am


Related Questions & Answers

More Banking Law questions and answers in India