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Overseas credit cards non payment issue
30-Jul-2023 (In Banking / Finance Law)
I have outstanding with few credit cards issued by UAE banks and there is payment issues due to job loss. I am now in India and want to know what problem can i face in India for default on credit card payments. I have also given security cheques against credit card to the banks
Please remember that it is your duty to repay the loan availed, you cannot give excuses that you have lost the job or anything.
The maximum which the banks can do is to file a civil suit for recovery of money in UAE against you.
However, if you do not appear in the UAE court on service of summons on you, and the court in UAE passes a decree in favour of the bank and against you, the decree can be executed against you in India through the Indian courts.
The courts in India may order the attachment of your properties or even your detention in civil prison for not complying with the decree of UAE court.
However , If you want to get rid of all this & if you want to resolve fully this matter either by repaying or even without re paying to banks , then hire as your Lawyer for this case to get relief.
The maximum which the banks can do is to file a civil suit for recovery of money in UAE against you.
However, if you do not appear in the UAE court on service of summons on you, and the court in UAE passes a decree in favour of the bank and against you, the decree can be executed against you in India through the Indian courts.
The courts in India may order the attachment of your properties or even your detention in civil prison for not complying with the decree of UAE court.
However , If you want to get rid of all this & if you want to resolve fully this matter either by repaying or even without re paying to banks , then hire as your Lawyer for this case to get relief.
Helpful?
Adv. Sanjay Nana Ranpise
Mumbai | 25+ 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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