Legal Question in Credit and Debt Law in

Hi, I had a loan for 1lakh from ICICI bank, i payed around 50 percent of it and i lost my job so i was not able to pay at that time. These loan recovery officers called and started abusing and all so i said get lost i'm not paying any thing now. the loan was takening in 2006, It has been more then. Now i got call from the bank saying they filing a case againest me....is it possible? i did give them 9 checks at the time of the loan, i wanted to know what kind problem can i face? please help me


Asked on 9/21/10, 7:08 am

1 Answer from Attorneys
Vishwa Arya Arya & Co.

The bank could not have resorted to abusing. Normally the limitation period would be seen as three years. In case you have issued cheques, three years period would be counted from the date of cheque. Secondly, if the bank has filed a criminal case on the basis of dishonour of your cheque for which you must have received a notice, then you will have to contest that.

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Answered on 9/21/10, 7:14 am


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