Legal Question in Credit and Debt Law in India

Credit card dues international(intrest payment)

My husband was in Dubai for 5 yrs in 2002 Dec he resigned his job and had to clear his outstanding of 3000 AED for credit card usage (Standard Chartered bank)He came to India and contacted them for settlement of dues but they didnt respond..now they are claiming us to pay 12000AED which is not affordale meanwhile we are ready to pay the actual dues.. pls advice


Asked on 10/21/05, 7:12 am

2 Answers from Attorneys
Srinivas Kotni Corporate Lexport

Re: Credit card dues international(intrest payment)

Immediately do the following:-

(1) Take out the correspondence addressed by your husband to the bank after returning to India.

(2) Offer/pay the Bank the amount due to them. All correspondence under regd-ad.

(3) If the Bank disputes and wants the inflated amount, based on the documents available with you issue a legal notice.

(4) File a consumer case for deficiency of services (as a counter pressure).

(5) Keep defending against any action by the Bank

Read more
Answered on 10/21/05, 9:12 am
Prabhat Shroff Shroff & Company

Re: Credit card dues international(intrest payment)

I am sure the dispute can be settled by negotiations with the bank, either at the local level or at the head office level. I have had the experience of doing so on behalf of certain clients previously.

However, it is necessary that you have with you all relevant correspondence with the bank regarding the credit card.

Read more
Answered on 10/22/05, 5:55 am


Related Questions & Answers

More Credit, Debt and Collections Law questions and answers in India