Legal Question in Banking Law in India
If i have defaulted in making credit card payments for the past 6 months, but have intention to pay in the next 3 months, what are the consequences?
Asked on 6/30/14, 12:40 am
1 Answer from Attorneys
Fca Prashant Chavan
Expert Edge LLP
30.06.2014
Dear Sir / Madam,
You are legally a defaulter remaining liable to Court action and recovery proceedings to be initiated by the Bank against you.
Regards,
Answered on 6/30/14, 6:45 am
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