Legal Question in Banking Law in India
in india as per banking law , in case of credit card default since its a non secured instrument , bank can have a legal action against the card holder and can the judiciary will issue non bailaible warrant against the defaulter
Asked on 1/20/11, 6:07 am
1 Answer from Attorneys
RAJIV GUPTA
(Cell: +91 9811284735) [email protected]
it is a civil matter but if post dated cheques are given, then after the person does not appear despite there being summons and after that bailable warrant, the court may issue NBWs.
Answered on 1/20/11, 10:30 pm
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