Legal Question in Credit and Debt Law in India

Hi Lawguru,

In 2004 even without applying for a loan with ICICI bank they had transfered 18000 to my ICICI salary account. Some telemarketing executives after calling repeatedly to forcing me to take loan had processed this loan approval. For my bad time I had came out of my job and had terrible time in my life due to which I had done two payments which was delayed for around 5 to 10 days. In my 3rd month statement they had increased the total balance amount greater than first month statement. When I asked for payment details they didn't provide and due to their improper communication and with cheap executives I stopped paying them. Now I am in good company and earning comfortabely. Recently when I applied for Car loan from axis bank they have rejected saying my name is reflecting in CIBIL records. But same bank had approved personal and Car loan in 2006, 2008 respectively. Now ICICI account has mentioned around 80000 as pending. Where in they had given only 18K and I would like to close this story. Kindly let me know how to go about. I stay in Bangalore so please provide me contact of Lawguru in bangalore for future correspondence.


Asked on 3/29/10, 3:53 am

1 Answer from Attorneys
Sudershan Goel India Law Offices of Sudershan Goel - Advocate

You may consider writing to the Bank for an amicable settlement failing which you may consider filing a complaint against them with the District Consumer Forum.

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Answered on 3/29/10, 4:16 am


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