I, an Indian citizen was employed in the UAE. Worked there for about 4 years.
During my stay, I had taken a loan from a bank in UAE. However, I lost my job and my employer cancelled my work visa forcing me to leave the country. I had no alternative and had no income to repay the loan.
Now I am in my home country and without a job for the past 6 months. Though I want to pay the loan back, I do not have any means to pay the same.
Can the banks in UAE take legal action on me in India? Am i liable to pay the same?
What alternatives do i have.
3 Answers from Attorneys
Repeat query ... already answered ... to be transferred to paid reply service
Yes, the Bank can sue in India, provided they know your address in India.
Mr Biki yes you need to pay the loan........and they can take legal action .......
for any query mail me at [email protected]
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