Legal Question in Banking Law in India

I do not have money to pay my card outstanding

Hi,

i have huge outstanding on my credit card,since last many year i make my payment on time.....But now lost my all money and i don't have money to pay to bank..(i lost my all money in stock mkt)....Now bank filed civil suit and 138 case aginst me ...What can i do...Sir i requested to banks please make my outstanding in 10 yr. Emi without intrest so i can make payment.....But they want full money in one time.

What can i do...Please help me

thnkas..


Asked on 5/03/08, 2:50 am

3 Answers from Attorneys
G. M. Gupta gmguptaandassociates

Re: I do not have money to pay my card outstanding

without information about the case we will not be able to help you and therefore u can contact us for consultation on the issues.

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Answered on 5/05/08, 11:32 am
Aniruddha Pawse Aniruddha.P.Pawse Advocates

Re: I do not have money to pay my card outstanding

Only way is to show yourself as a pauper(insolvent)or to borrow from someone and pay to the Bank. Contact a legal aid advocate.

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Answered on 5/03/08, 9:02 am
Homi Maratha N.N. Maratha & Co.-Advocates

Re: I do not have money to pay my card outstanding

Contact a local lawyer.

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Answered on 5/03/08, 1:09 pm


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