I gave a 5 blank cheque 2 a person that I borrowed money from 4 years back .The accounts got dormant 2 yrs back( probably closed). Now am returning to India . can they file case against me.I try 2 negotiate long time back but they want me arrested than getting back the money,Can they impound my passport ?
2 Answers from Attorneys
Yes all that you think can happen. You could be in for trouble if you come to India. You may also drop a detailed query at firstname.lastname@example.org
To know us better, please click on the links below:
Dear Sir / Madam,
You should negotiate a settlement of the loan with the bank, and repay it off to avoid any further complications for yourself.
Related Questions & Answers
I defaulted personal loan 4 years back & the bank submitted security cheque that... Asked 10/12/13, 2:02 pm in India Credit, Debt and Collections Law
Issue in Mumbai but case file in Delhi can that possible Asked 10/09/13, 5:41 am in India Credit, Debt and Collections Law
Sir, please help me in a case registered from hdfc bank in jamshedpur(jharkhand)... Asked 10/06/13, 1:14 am in India Credit, Debt and Collections Law
I had given a loan of rs 5 lacs by cheque to my cousin brother in the name of his... Asked 10/01/13, 4:23 am in India Credit, Debt and Collections Law
I had given a loan of rs 9 lacs to my cousin brother in his mother's name ( who is... Asked 10/01/13, 4:22 am in India Credit, Debt and Collections Law