Legal Question in Banking Law in India

I have three credit cards and two personal loans that I haven't paid up since almost four years. I am earning better now and I can start paying them off. But if I start making payment to one, then all the others will also definitely find out and come for collection. In such a case, I will not be able to make any justifiable payment to anybody. How can I resolve this ? I want to repay whatever I have taken from them genuinely. Please help.


Asked on 5/08/12, 10:51 pm

1 Answer from Attorneys
Santosh Dash Legal Consultant

I think in your case limitation period is over and the creditor cant get a judgement on you to pay. But in case you want so (moral), you can do so. * please see limitation act and judge your case on that.

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Answered on 5/08/12, 10:59 pm


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