×

quesCredit Card Dues, bank harassing after 8 years.

Hi, I had an ABN Amro card in 2007 and then moved abroad. And, now after 8 years Kotak who has taken over the debt is calling for collections and harassing and threatening me. I haven't received any legal notice from them in all these years and wanted to know if the Limitations Act applies here and if i am liable to pay. Many Thanks.

  • ans

    The limitation period for repayment of the debt is 3 years if the acceptance of the loan has not been given by you within that period, then the recovery is not possible. However if an acknowledgement of debt in writing within three years  is made the  it would restart the limitation afresh.

     

  • Send Legal Notice For Recovery Of Dues with Expert Lawyers
    Know More

    Click here to see all Recovery Legal Services
  • 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 Recovery Lawyers at LawRato.com to address the specific facts and details. You may post your specific query based on your facts and details to get a response from one of the Lawyers at LawRato.com or book a Detailed Consultation with a Lawyer of your choice to address your query in detail.
Consult best Recovery lawyers in India

Similar questions

I have availed scholar loan from a reputed bank. Scholar loan is available only to…

One of my friends loaned 1.5 lakhs to a person, it was transferred via online…
Sold goods without bill customer is delaying payment from last 2months not giving date on…

I have lended money to my friend from a financier in the year 2013.Since then…

Recovery Lawyers in India

Advocate Prashant Mendiratta

  Lajpat Nagar 4
 Experience: 24 years


Advocate Prabhjit Jauhar

  Connaught Place
 Experience: 20 years


Advocate Jaspreet Singh Rai

  Greater Kailash 1
 Experience: 14 years


Advocate Harish Malhotra

  District Court
 Experience: 19 years


View all >>