Legal Question in Credit and Debt Law in India

credit card recovery

sir, i am having scb credit cards but due to non reciept of monthly statement of status i failed to deposit dues though i have always deposited amounts every month but late hence they have imposed interest over interest and penalty over penalty. kidly intimate me consumers right in india in this regard. thanks


Asked on 12/25/06, 6:51 am

1 Answer from Attorneys

Re: credit card recovery

In present case as of you the terms contained in contract/form filled or signed by you are binding between you and bank and if any act on part of bank is contrary to terms then you have the right to approach to consumer forum/commission.In your case since you could not deposite dues due to non receipt of statement of account hence there is deficiency on part of bank.The act stated by you is against the public policy and is restrictive trade practice on part of bank by taking undue advantage of their position, hence, you can approach the forum but prior to that you should have to make a proper representation to bank.

If you wish you may cal on my mobile for any further query/assistance.

Thanks.

siddharth

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Answered on 12/25/06, 10:33 am


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