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
1 Answer from Attorneys
11.05.2015
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