Visit to Bank

Prasad N Patil (Querist) 18 September 2010 This query is : Open
Sir,
Since i had 02 emi unpaid & the collection executive are harrassing,i visited the local branch for clarification.
Here the main concerned office said that if i did'nt pay the minimum amt till 22nd of this month they would send a warrant to Borivali police stn for my arrest.
Is that possible?
pl advice.

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s.subramanian (Expert) 18 September 2010
No. It is not possible. However,you approach the bank officials and seek time for payment expressing your difficulties.

Raju Ramparag Gupta (Expert) 18 September 2010
not possible.

Devajyoti Barman (Expert) 18 September 2010
This is absolutely an empty threat.

Prakash Yedhula (Expert) 18 September 2010
The Supreme Court as well as various High Courts in India have come down heavily on banks and other financial institutions in causing such harassment in a civil dispute.

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