Legal Question in Credit and Debt Law in India

hi sir,

iam narendra. sir credit card defaulter or personal loan defaulters is there any crime in india.


Asked on 12/16/15, 8:05 pm

1 Answer from Attorneys
Fca Prashant Chavan Expert Edge LLP

17.12.2015

Dear Narendra,

Yes, a credit card defaulter is treated as a civil offence in India likely to be tried in Court at the behest of the lending institution.

Regards,

Read more
Answered on 12/17/15, 2:01 am


Related Questions & Answers

More Credit, Debt and Collections Law questions and answers in India