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Sandy12345 (none)     16 April 2013

Credit card defalt


What is the Limititation act in debt recovery? 

What if the Bank itself keeps on sending onesided monthly credit card statement or keeps on sending demand notice then what is the position of law of limitation? & debtor don't acknowledge anything in 3 years(no written communition by debtor,only verbal talks) 

They have sent me few demand notices through post 2 years back. Is acknowledgement by the debtor is also required or just demand notice or onesided monthly bills consider as renewal of limitation period.



 1 Replies

Rama chary Rachakonda (Secunderabad/Telangana state Highcourt practice watsapp no.9989324294 )     16 April 2013

You have to give reply notice to the bankers in time by writing.Ack. is not required. Once they send a notice is enough for evidence.

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