Legal Question in Banking Law in India
i had standard charted cedit card 12 years back but i have not paid for last 10 yeas
can bank still take action against me
Asked on 9/27/12, 4:25 am
5 Answers from Attorneys
RAJIV GUPTA
(Cell: +91 9811284735) [email protected]
as suggested, this seems to be a time barred debt.
Answered on 9/27/12, 4:54 am
Sanjay Kalra
Sanjay Kalra & Associates
If you have not admitted your debt in writing or other wise in the last seven years the the Bank cannot claim any amount from you.
Answered on 9/27/12, 6:17 am
Aniruddha Pawse
Aniruddha.P.Pawse Advocates
i agree with my colleagues
Answered on 9/28/12, 3:55 am
J. Radhakrishnan
independent Practice
If u have not acknowledged in writing within every three years in the past the bank cannot recover from u by legal proceedings
Answered on 9/28/12, 5:36 am
Rajiv Chandhok Ph: +919810050896
https://www.linkedin.com/in/rajiv-chandok-0827b733/
i agree with all, but banks are initiating criminal proceedings in such cases..
Answered on 10/02/12, 3:29 am
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