Legal Question in Credit and Debt Law in

I foreclosed a credit card personal loan according to bank people's suggested amount. After payment, they simply mailed me another statement mentioning that still I am in need to pay another due of Rs.5000. I requested for the documents and still date they have provided the same. This happened in 2007 and in 2008 after one year they withdrew Rs.15,000 from my sb a/c without any information. While asked they told, it is interest + other things. I requested many a times, reached many people & no use. They ill treated me. I had a transaction of Rs.50,000 in the credit card, and on the next day of their money withdrawal from my sb account, i sent a letter to the bank mentioning that since they haven�t done the right thing related to my loan, i will not pay the credit card payment, until they settle my loan account money. They haven�t responded properly and still the issue is pending. Many a times I tried my best to solve the issue, bank is not responding. Last week I received a legal notice and that is also not as per law. The things what they have mentioned to be carried out if the notice is not responded. They have already done those things. I have all the documents with me and Currently I am in Singapore (also communicated this to bank) and will return only by year end. Is there any solution possible for this. I got tired in following up with the bank. The bank is ICICI


Asked on 9/03/10, 1:02 am

2 Answers from Attorneys
Vishwa Arya Arya & Co.

you may ask them to refund the amount. In fact, the bank ICICI, holding your money as your agent in fiduciary capacity had no right to allow the credit card department to withdraw any money without your authroity

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Answered on 9/03/10, 7:55 am
Vishwa Arya Arya & Co.

you may file the case when you come back to india

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Answered on 9/03/10, 7:56 am


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