Legal Question in Bankruptcy in India
i have debt of 40000 (20,000 each) dirham of two bank in uae, its credicard loan an dpersonal loan. ta prsent i am in india, they are threatning to file case in india.what is my option, i cannot pay amount due to indian salary is less compared to dubai and i have to maintain family and kids
what shoud i do? what is indian law about debt default overseas
joshi
Asked on 4/15/12, 11:59 am
1 Answer from Attorneys
ranganathan raghavachari
R.Ranganathan & Associates
Debt is a debt. You have to pay it but you have options in the method of payment. You tell them that you can pay in instalments only.
Answered on 4/28/12, 8:58 am
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