I am facing a wierd situation now after 7 years. I did took a personal loan from IDBI Bank in 2005 and also the repayment was done by friend till 2007+ as he needed the money. However, after I shifted to different city, I missed tracking the loan details payments.
Now I was looking for home loan and came to know from CIBIL that my name is listed in their databased for one of the loan as written off. This is the same loan IDBI loan.
In order to proceed further, I reached out IDBI bank and thought of settling the loan, the IDBI team was threatening to me that I did not pay the amount and am liable to pay it. I was happy to pay the amount, and all of sudden they told me it 4lakhs due for a loan of 1 lakh.
However, I did talk them and told that I am ready to pay the same, and also if needed I can settle them. However, the team did not send me any details of the loan which they promised. This was in September 2012. After this they have never called me back.
Now they are threatening me that they are going to issue a NBW and police will be visiting my house.
Could you please help me if it is possible for the bank to take this kind of action or what should I do?