How to quash credit card case for non payment of the dues
12-Jul-2023 (In Banking / Finance Law)
I was using sbi credit card in past. i was not able to make the payment from last 4 months as i was going through financial crises and i lost my job l. last friday i received letter from lok aadlat case is registered against me from sbi bank fir amount recovery. i will start making the payment from next month as i got job this month and next month i will receive salary. please advise what can be done as i don't want to get i to any legal case and all.
Visit lol adalat and give in affidavit that you will pay the amount back in couple of months and assure them about it. Also you can strike a settlement with the bank in which they will ask for a lump sum payment which you have to pay to the bank.
Sir as per your question it is clear that your matter is already settled with state bank of India and when matter is settled then after your final payment you don't need to be worried and nothing will happen again.
YOU CAN SEND A NOTICE THROUGH A LAWYER WITH RESPECT TO YOUR CONDITION OR FOR SEEKING TIME FOR THE REPAYMENT, YOU SHOUDL ATTEND LOK ADALAT CASE AS THEY CAN GIVE YOU TIME AS PER YOUR CONVINIENCE IF NOT GONE TO LOK ADALAT THEN YOU CAN FURHTER APPLY FOR TRANSFERING YOU CASE TO LOK ADALAT.
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