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What are the possible action which a foreign bank take against Indian
19-Jul-2023 (In Banking / Finance Law)
I have credit debt in UAE. It's almost 200,000 AED. When i was in sick leave in india my company terminated me due to long leave. So that time i was not able to pay EMI. I used that money for my mother's medical treatment. Now iam not able to pay that money and i really don't want to go back to UAE. Because bank already filed a case against me in UAE. Now after 7 months the banks recover agents in india came to my house and abusing with such a bad language. And they are threatening me that they will case file in india and arrest me and they will surrender to UAE police. I really fed up with my life due to these collection agents harassment. Please any one help me to solve this problem. 1. UAE Banks can take any legal action against in India? 2. Indian recovery agents can take Legal action in India? 3. Can UAE Banks can issue arrest warrant in India through Indian Embassy? 4. How to handle these collection agents
Hello client.
Hru as per your question is concern its very complicated in present situtaion you in trouble and as well as your life is at threat due to those agents of UAE bank from where you have came back to india. In my openion you have to immidiately move to court by the help of an advocate.as soon as possible so you can be able to skip from the liability of UAE bank
Hru as per your question is concern its very complicated in present situtaion you in trouble and as well as your life is at threat due to those agents of UAE bank from where you have came back to india. In my openion you have to immidiately move to court by the help of an advocate.as soon as possible so you can be able to skip from the liability of UAE bank
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Adv. Vishwanath Pratap Singh
Delhi | 500+ Answers
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Firstly, the fact remains that you have not repaid the loan. How do you wish to settle the dues? Please think about this seriously.
As for your queries-
1. UAE Banks can take any legal action against in India? - yes they can file a fresh case in India. However, if the loan agreement is subject to UAE law, then the case cannot be filed in India. But the bank can always file a criminal complaint against you in India if a cheating/ fraud case is made out against you.
2. Indian recovery agents can take Legal action in India? - No, the supreme court of India has issued strict guidelines against such agents. You can take legal action against them
3. Can UAE Banks can issue arrest warrant in India through Indian Embassy? - This may be possible. India and UAE have mutual assistance agreement. But it all depends on the facts of the case. You can always seek protection of court against extradition on unfair grounds.
4. How to handle these collection agents- Seek proper legal advice.
As for your queries-
1. UAE Banks can take any legal action against in India? - yes they can file a fresh case in India. However, if the loan agreement is subject to UAE law, then the case cannot be filed in India. But the bank can always file a criminal complaint against you in India if a cheating/ fraud case is made out against you.
2. Indian recovery agents can take Legal action in India? - No, the supreme court of India has issued strict guidelines against such agents. You can take legal action against them
3. Can UAE Banks can issue arrest warrant in India through Indian Embassy? - This may be possible. India and UAE have mutual assistance agreement. But it all depends on the facts of the case. You can always seek protection of court against extradition on unfair grounds.
4. How to handle these collection agents- Seek proper legal advice.
Helpful?
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Adv. Joydeep Nath
Delhi | 100+ Answers
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The bank's can always take recourse of legal means to recover their money if you have failed to repay it on time as per the agreement. The bank's cannot use coercive means to seek repayments. there is a procedure. If the bank is using muscle men then complain to the Local police. I would suggest you to mediate the issue with UAE bank through email and sort out.
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Adv. Shekhar Raj Sharma
Delhi | 100+ Answers
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Disclaimer: The above query and its response is NOT a legal opinion in any way whatsoever as this is based on the information shared by the person posting the query at lawrato.com and has been responded by one of the Divorce Lawyers at lawrato.com to address the specific facts and details.
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