i need your help in this matter. i am using some cards of many banks
from last 4-5 years, I had made all my payments on time but due to some dispute
in some cards and sudden financial crisis i not able to make payment since
last 1-2 years against my credit card accounts.....now bank has filed criminal
cases u/s 420,406 ipc.
When I spoke to the bank they siad that I have
given false documents for Credit Card Applicaiton......sir let me know that if
the documents were forged then how could have bank have issued me the card and
why till last year when they were receiving the payments I was not a
At the time of applying for a credit card you have not stated what are the documents you have submitted to the bank whether they are original or fabricated by you.Assuming for a moment that you have produced a fake salary certificate to the bank for obtaining the credit card ,believing on the above said information the bank had issued a credit card . that itself will amount to cheating ,believing your documents the bank had issued the card and you have used the same and not repaid the same.on verification the bank came to know that the documents submitted to them are fake .then the bank is at liberty to file a case against you as and when they have knowledge.
sir, when i give docs to bank i think bank verifying every thing address provide by applicant for all loan products "credit card,personal loan, car loan and home loan".if bank issue me card that time so why they file case under this section.
Acts which are offences may not come out as any body wish. It is being caught from the traces left by the offender. You have perfect till the transactions are well and good. But when it was strange the bank noted the manipulation and coming after you. It is not necessary to identify the fruad at the early statge. Or it is not necessary to ask why the bank didnot trace the fraud. Settle the issue and get free with the banks consent before the things draged to court. Adv.K.C.Suresh, Kerala
sir i try to settle my account with bank ,i told him please satel and give me some time or convert my card dues in pl and i will pay emi on time.but they want all money in one shoot and i have no money as such.what i do sir.
I think its an very common case in the present scenario. So friend do panic, just try to settle the amount as early as possible. It is also to be noted that bank can't sue you more than the money you have utilised. I have seen many case where the bank has agreed to settle the amount in just50% of total amount.
no money to pay sir,even if i go for a lawyer i need to borrow money from my friend /relatives to pay banks.sir already told bank managers to make emi of settle amount for 4-5 years then i try pay that money to bank,but they want all money in one shoot.what i do sir what is best possible solution for me.
As you have stated that you are already agreed to pay amount as per your convenience. So if the bank proceed further with the case in court, Judge will also order the bank to realise the money from you as per your convenience. So dont panic dear, just relax yourself first, then try to settle the case in a cool manner.