Legal Question in Banking Law in India

credit card payment

sir, i'm financially in a critical stage and what wil hapen if i do not pay my credit card outstanding? i don't possess any land or property but my parents. I'm working in pvt ltd company.


Asked on 4/07/08, 11:58 am

5 Answers from Attorneys
J. Radhakrishnan independent Practice

Re: credit card payment

The issuer of the card if it fails to recover by visits of their recovery agents, can file a suit against you and attach the eligible portion of the salary by sending a prohibitory order through court to your employer and to you

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Answered on 4/07/08, 9:58 pm
Aniruddha Pawse Aniruddha.P.Pawse Advocates

Re: credit card payment

They may by a suit against you recover the amount.

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Answered on 4/09/08, 12:09 pm

Re: credit card payment

They may recover the amount by way of civil suit.Property of your parents is not liable for any prosecution.

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Answered on 4/07/08, 12:54 pm
Homi Maratha N.N. Maratha & Co.-Advocates

Re: credit card payment

You should contact the Bank and go for a settlement with their legal advisors or the concerned department.

You wont get remedy on lawguru for this as you have to pay the bank amount or face the court.

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Answered on 4/07/08, 2:53 pm
G. M. Gupta gmguptaandassociates

Re: credit card payment

that depends on how much is the amount u dont want to pay. if its small then it can be avoided easily but if its big then it will be hard to avoid but that can be done too.

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Answered on 4/13/08, 9:55 am


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