Arrest/police case- india
Rajesh Rao
(Querist) 30 December 2015
This query is : Resolved
Dear sir,
I am Accountant worked in Saudi arbia for 4 year during period 2008 to 2012.During my stay in Saudi arbia, I took salary Loan from Saudi Hollandi bank for my family expenses.
During 2012,I cannot able to return back to my work due to personal problem and Company in saudi arbia terminated my service and what ever Due to me towards my end of service is paid to saudi Hollandi bank towards pending loan amount.
My Query is as Below :
1.Saudi Hollandi bank do not have any branch in India.
2.My loan is Not cleared 100% and small amount is still pending to clear.
3.Due to financial problem. I cannot able to clear loan at present.
4.Can Saudi Hollandi Bank can take legal action against me.
5.Can they appoint recovery agency and recover amount through them.
6.Can Recovery agency have Legal Power to file case in India against me.
Kindly Provide me Legal Opinion -- regarding Indian Law
Adv. Yogen Kakade
(Expert) 31 December 2015
Hi,
Normally International Banks who don't have branch in India doesn't appoint recovery agency in India..
Rajesh Rao
(Querist) 31 December 2015
i got call from agency.asking for loan...i need whether they have legal power to file case.
Rajendra K Goyal
(Expert) 05 January 2016
Can Saudi Hollandi Bank can take legal action against me.
-- yes.
Can they appoint recovery agency and recover amount through them.
-- yes they can. possibility is less.
Can Recovery agency have Legal Power to file case in India against me.
-- case would be decided on merits if filed.
