Legal Question in Banking Law in India

Thank you for your kind reply Mr. Rajiv Gupta Sir. still, Iam having doubt to clarify from you.

I worked in Dubai for 5 years as Manager and taken personal loans and used my credit cards

amount and started business with one of my Indian friend and he cheated and ran away from Dubai

in 2008. I tried to close my loans and paid my EMIs and minimum payments to my credit cards

up to April, 2009. After that because of recession, I had forced to come to India still this time my visa

was not canceled and I came to know some banks blocked my passport in Dubai. In India also

some recovery agencies called my home about me and payment. At present situation and of my

age Iam not in a position to pay back. If I get a good job in other countries like Malaysia Can i go?

or any problem from immigiration or local police. My total dues in Dubai comes Dhs200000/ from 7 Banks and I repay them after getting job. presently, my situation is very bad and No property in name and my my wife having some property of her own earnings. Please kindly advice me


Asked on 12/19/09, 10:48 pm

1 Answer from Attorneys
RAJIV GUPTA (Cell: +91 9811284735) [email protected]

in this situation, when no criminal case is pending against you and no red corner notice is issued against you, you can very well go to any other country and work there and after earning, you may repay the debt.

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Answered on 12/19/09, 11:39 pm


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