Recovery of credit card dues
Kkrrn datta
(Querist) 25 November 2012
This query is : Resolved
Dear Sir
it has been almost 5 years now i have moved from Kuwait on emergency leave and was not able to go back. i had some credit card out standing which could not be cleared as could not go back which is after dec 2007. Now we are in nov 2012, and a local agency who approached me and asked for the OS amount which is double now to pay.
i need to know is there any time line in which the bank can approach a person via agent or the bank can recovery even after 4 to 5 yrs which is a long time. Also i have not received any notice etc. and they told me to clear the amount immediately or else we will hand over the case to Interpol. Please advice as it is very urgent and hearing the same my dad has got a paralytic attack and is on bed rest now past 1 week
V R SHROFF
(Expert) 25 November 2012
If Juri is Dubai, Our Indian Limitation Act do not apply.
Under the circumstances u r liable to pay.
but in that case whether interest is applicable, their law will decide. They do not charge interest??
U shd have paid it long back, if u really worry for your Dad.
Kkrrn datta
(Querist) 25 November 2012
sir till the time i was in Kuwait i was paying the same but when i moved out from there on emergency leave and came backto india, i could not pay since then, as later on i was not able to go back at all. and now the matter is 5 years old and the amount is with interest as well.
ajay sethi
(Expert) 25 November 2012
reach a settlment with bank .
