Is There Any Punishment For The Unsettled Card Due

Is there any punishment for unsettled credit card due case.what banking law says regarding credit card long due payment.Is there is any law to occupy properties for recovering full payment?

Answer (1)

Team Legistify

  • Sector-1, Noida

In case the bank files a case for recovery and decree is granted in their favour and still you do not comply with decree, the property can be attached.

Answered on 28 Sep 2018

Was this answer helpful?

Yes   No

Didn't find the answer you are looking for?

Talk to experienced lawyer online and get your answered in minutes.