Please help me out in in this regards as stated below:
I had taken a personal loan of 2.8 lakh from a private bank for 3 years, and one credit card with used credit of 93k. till the date all emi are on time i paid but this month means 01-feb-13 onward due to some financial difficulties i am not able to pay EMI back, and not paid the minimum amount due for credit card from this month onward . the adress having with the bank is karnataka adress. and i am not living there now,. within one and a half month i am going abroad for new job. my first concern is the bank can stop me from going abroad ? in the airport they can stop me ? i took loan when i was in karanataka and credit card also issed in karnataka, now i am in andhrapradesh and this banks can start legal proceedings against me before i go to abroad? means within 2 months?i have given cheques before getting my personal loan. so they will sue for dishonour of cheque. if they start legal proceedings within 1 month then i will not get my police clearance certificate. my friend said they will issue a summons and the summons issued in karanataka is also valid in andhra pradesh?
I want to pay the loan back but need at least 2 months time more to regularize the payment. can you please help me in this regard.
Please let me know what legal action can be taken against me and how i can come out of it by the best possible way,and in future what difficulties i will face kindly help me out in this case urgently.