My friend defaulted the unsecured personnel loan what next ?
he paid regularly for 8 months later he lost job so he went to his native.
already 12 months are over.
already 2 times bank sent a lawyer notice to his address given in bangalore.
Since he was not there he dont know abt anything .
now he got job in nigeria he is getting visa within 15 days.
how the bank will take action ?
he is willing to pay after going there and earning monthly monthly.
any problem may happen Or ANY POLICE ARRESST OR anything will happen
he is fully in stress and very much worried becose 2 days some one called him and told that in delhi a lowyer filed a case on u so i am releasing arrest warrent on you lke that. and he given lawyer number to speak when he spoke he told that ok atlast i will give 3 days time
you have to pay 10,000/- atleast otherwise we are releasing a arrest warrent accourding to section 138 since u r ecs bounce of loan cheques .
kindly suggest .......immediately what he has to do he is not in a position to spend 10k also at present..