Legal Question in Credit and Debt Law in India
Sir,
What is the statute of Limitation in India for foreign Debts?
How long a debt collection agency in India legally can follow a person for an overseas debt(Dubai Bank Debt)?
Thank you
Asked on 2/15/13, 4:35 pm
2 Answer from Attorneys
Sanjay Kalra
Sanjay Kalra & Associates
The limitation period to recover the loan/debt is 3 years from then cause of action ........Please check Sanjay Kalra and Associates on the internet to know more about our law firm and the legal services we are rendering for our clients from all over the World.
Answered on 2/16/13, 2:55 am