Legal Question in Consumer Law in India
I had taken a personal loan from a bank and have cleared the whole amount but during the period of loan I had a few cheques bounced but paid it in cash to the bank later. Now all my EMIs are cleared. But after sometime I get a call from the bank to collect the NOC, but only after paying the cheque bounce charges. What will happen if I do not happen to pay the cheque bounce charges even after I have cleared the loan. Will I face problem with the court.
Asked on 11/06/09, 3:32 am
2 Answers from Attorneys
the right thing is to get he NOC else in future it may create any problem and contact the bank.
Regards
Answered on 11/06/09, 3:34 am
Seshadri Srinivasan
www.lawconcern.com
If the total amount on account of cheque bounce is not huge, you better pay and get NOC.
Answered on 11/06/09, 6:34 am
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