Legal Question in Credit and Debt Law in India

hi sir, according to the indian law what is the punishment of creditcard defaulters tell me sir


Asked on 2/09/16, 11:55 pm

1 Answer from Attorneys
Fca Prashant Chavan Expert Edge LLP

10.02.2016

Dear Sir / Madam,

The punishment for credit card defaulters may be simple imprisonment ranging from one month to six years depending on the nature of the default.

Regards,

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Answered on 2/10/16, 2:02 am


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