Legal Question in Banking Law in India
I have a Loan with First Gulf Bank in Dubai, and I paid some installment, suddenly i lost my Job bcoz of Financial crisis and I come back to India, Last 1 year I didn't paid anything and I don't have any income to pay that, bank people are calling to my home and I am very tensed and now I don't know what to do Total amount is around AED 35000, pls give an opinion.
Asked on 7/01/10, 1:26 am
1 Answer from Attorneys
Sudershan Goel
India Law Offices of Sudershan Goel - Advocate
There does not seem to be any legal way to avoid your liability; you should try to settle the account by making suitable arrangments.
Answered on 7/02/10, 7:24 am
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