Legal Question in Credit and Debt Law in India
I was working in uae and taken a personal loan from hsbc and also have outstanding on some other banks credit cards. i lost my job and had to come back. can i pay back in easy installments while i am in india? if yes then how?
Asked on 11/10/09, 12:54 am
2 Answers from Attorneys
Seshadri Srinivasan
www.lawconcern.com
You have to state your full list of liabilities bank-wise and then sit with a lawyer for a repayment plan.
Answered on 11/10/09, 2:50 am
First u have to contact every bank pending loan and if they agrees then u can. Else they might have register any FIR against u and if there will be any arrest warrant then u may be arrested even on airport. So be careful and first ask any of ur relative or appoint any advocate in India to findout status of ur all the credits and then come to India.
For more detail contact.
Regards
Answered on 11/10/09, 11:05 pm
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