Legal Question in Banking Law in India

non payment of loan

i was in dubai and took a loan and credit cards with a total of Dirhams150,000/- I came back to india on a vacation, but some family issues compelled me to stay back. i was pronounced absconding by my company in dubai. my main ques is will the banks come looking for me in india and will i be in any legal problems. i intend paying them back but not in a lump sum as i have not yet started working. please advise


Asked on 6/15/08, 6:45 am

4 Answers from Attorneys
Aniruddha Pawse Aniruddha.P.Pawse Advocates

Re: non payment of loan

In my opinion there is no extradition treaty between dubai and india. However you can communicate to them your honest intention and problems.

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Answered on 6/16/08, 6:27 am
G. M. Gupta gmguptaandassociates

Re: non payment of loan

they may come and they may not it depends on various factors. you can consult me with the documents and details,

its better if u can meet me

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Answered on 6/16/08, 6:40 am
J. Radhakrishnan independent Practice

Re: non payment of loan

If the banks are international banks or Indian Banks, they can try to trace you and file a civil suit or give a criminal complaint against you. If the Banks are UAE or other Arab Banks, they would have notified the immigration authorities and if you intend to go there again, you will be spotted and arrested. As Honesty is always the best policy, you can write to the Banks that you would be settling their dues in instalments over a period of time, praying for waiver of interest, charges etc. That way you can prove to them that you did not intend to defraud them.

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Answered on 6/16/08, 6:51 am
Homi Maratha N.N. Maratha & Co.-Advocates

Re: non payment of loan

Contact the Bank authorities.

You should never take a chance as you may face both civil and criminal charges.

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Answered on 6/16/08, 2:15 pm


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