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Re-settlement of fully paid settlement case


26-Oct-2023 (In Banking / Finance Law)
I had a SBI credit card in 2002. As I was financially weak I couldn’t maintain the card. It was closed by the bank in 2005. The bank ask me to pay the amount due on the card which I wasn’t able to do so. There were frequent calls to make the payment so I accept to settle the amount due. The settlement amount was set to INR 22’000. My financial situation was critical at the time so I couldn’t make a one-time upfront payment. I made multiple partial payment and cleared the entire amount in 2007. On the last receipt, the official dealing my case wrote that I have made the full payment and signed off. He told me that I will get my NOC within the next couple of days. But as days pass nothing came to me so I called on the prescribe number but they told me that it is under process and I will eventually get it and not to worry. From days it goes to weeks then months and years, nothing ever came. I was busy with my life and career so I totally forgot about the issue. And as I got the receipt th
Answers (2)

Answer #1
697 votes
As per your question you have not received your NOC for the payment you have made with the SBI but your question is incomplete I think you have not mention all the details in your question or it has been left by the application due to maximum word allowed
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Answer #2
947 votes
You shall send a legal notice asserting all the facts and further demanding from the bank to issue Noc within a period of 7 days.

I will have to peruse your documents for the same.

Feel free to connect,

Regards,
Madhav Nanda
Advocate
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