Credit card bill not paid

Kartik Sulm (Querist) 04 March 2015 This query is : Resolved

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R.K Nanda (Expert) 04 March 2015
bank will file recovery suit in civil court against you by duly authorized manager of bank.

Kartik Sulm (Querist) 04 March 2015

Guest (Expert) 04 March 2015
You will not be going to be benefitted from the court due to your unemployment. Only the credit card company can help in postponing the recovery.

Kartik Sulm (Querist) 04 March 2015
Under which section the recovery suit case come?

Kumar Doab (Expert) 04 March 2015
You may go thru Card issuance form,T&C,Cardmember agreement.

The banks usually prefer to approach LokAdalat..

The bank may sell the debt to recovery agencies................and the agencies shall chase.....

It shall certainly be better to negotiate with bank and pay.

The settlement shall be an adverse entry.................and affects credibility in future.

If the bank has already initiated its action approach your lawyer with all communications on record.

Kumar Doab (Expert) 04 March 2015
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Guest (Expert) 04 March 2015
Your query, "Under which section the recovery suit case come" in the position of a defaulter reveals as if it is not your personal problem, rather you are seeking answer to your law school question.

Anyway, don't worry about section, if you are defaulter, the bank and their lawyer will take care of the relevant section when case is filed against you.

Rajendra K Goyal (Expert) 05 March 2015
Under which section the recovery suit case come?

___ Academic query.

ajay sethi (Expert) 05 March 2015
agree with experts

ajay sethi (Expert) 05 March 2015
order XXXVII of CPC . summary suit can be filed

Devajyoti Barman (Expert) 05 March 2015
YOU HAVE TAKEN LOAN . SO REPAY IT. You can not refuse repay the loan.

T. Kalaiselvan, Advocate (Expert) 08 March 2015
It is an academic query or the author is seeking ideas to escape the liabilities.

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