Legal Question in Credit and Debt Law in India

I'm HSBC credit card defaulter. I ignored a legal notice from Bank's advocates asking me to pay the amount outstanding within seven days. I'm not in financial state to pay back the amount. Can they issue a warrant against me. Please suggest me what should I do. I'm very tensed.


Asked on 10/08/10, 11:15 pm

2 Answers from Attorneys
Vishwa Arya Arya & Co.

non payment of dues is a civil liability and not criminal. therefore no questions of warrant of arrest. it is a pressure tactic of the bank. you may settle with bank or write to their ombudsman for rescheduling the payment

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Answered on 10/08/10, 11:25 pm
RAJIV GUPTA (Cell: +91 9811284735) [email protected]

as you cannot pay, you may wait for their legal action. nowadays the recovery agents keep threatening the debtor and it is illegal. when you receive the notice either u/s 138 or civil court, then you may defend your case through lawyer. you may contact a lawyer for stopping them from making you such calls.

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Answered on 10/09/10, 9:03 am


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