Recived pre litigation notice from lok adalat regarding payment of cre
07-Dec-2023 (In Banking / Finance Law)
Recived pre litigation notice from lok adalat regarding payment of credit card bill. My outstanding amount is 9000 and min amount due is 2000 which i have done, so do i have to appear before lok adalat or i can ignore the notice and pay minimum due.
It is always best to appear and file your reply rather than letting the Lok Adalat proceeding in your absence. It is best to represent your cause and take a clear stand rather than suffer later. The bank gets a chance to milead and misrepresent the details in your absence.
What legal action can be taken if credit card bill not paid?
If you miss more payments, you could have your card frozen, or your debt sold to a collection company. The collector could also file a lawsuit against you. Can I be jailed for not paying my credit card in India? A civil suit or legal action can be brought in court for non-payment of credit cards. 29-Aug-2023
Can we ignore Lok Adalat notice?
Lok Adalat, or the Indian dispute settlement forum, is the place where disputes are settled. Failure to appear when summoned can result in serious consequences. For example, you may be issued a warrant of arrest or have a judgement made against your name in absentia. 04-Feb-2023
What happens after legal notice for credit card?
Ignoring legal notices from credit card companies can result in additional fees and interest charges. Credit card companies may charge late fees, interest charges on the outstanding balance and legal fees during the recovery process. 08-May-2023
Can bank take legal action for credit card defaulter?
In India, you can take legal action for non-payment of credit card charges.
In addition to criminal action, banks can also initiate civil actions against defaulters to recover their debts. 09-Nov-2022
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