Lok Adalat against Credit Card Co.
PLD
(Querist) 29 March 2011
This query is : Resolved
Dear Sirs,
I have a false transaction dispute of about 10,000/- since a year with my credit card providing bank. They have jeopardized my Credit Rating and refuse to settle the issue despite my several letters and emails.
Can I approach LOK ADALAT for this issue of credit card problem for conciliation on this matter?
If yes, where should I apply and what would be the approx. fees? Do I compulsorily need a lawyer for this ?
adv. rajeev ( rajoo )
(Expert) 29 March 2011
You cannot approach the lok adalat to settle the dispute, if bank files the case against you then you can try for the settlement in the court.
Atuliya
(Expert) 31 March 2011
Respect Adv. Rajoo & Arunagiri,
I have come to know of a similar case where the Bank is trying to cheat the client.
The Client had taken a loan.The repayment was as per schedule. One day the bank sent a proposal that if the client chose to pay an amount "X" that would be treated as the full & final settlement.
The client saw it as a beneficial scheme and chose to pay the amount "X". The client has the receipt duly signed for this payment.
One fine day the bank sends a notice u/s138
and he is asked to come to court. When the client reaches the court he finds the case is not on the board. He checks with the banks lawyer, after seeing the papers, opines that all seems to be in order and there is nothing to worry.
After about two months there is a constable at the house with an arrest warrant [Probably because the client never attended court as he was not aware of the dates]
Please guise as to what steps are necessary to,
1] get the arrest warrant canceled
2] get the matter settled and
3]if the client can prosecute the bank and claim damages for the embarrassment caused when the policeman came to arrest him.
Your valued response as also of other experts if they chose to comment on this topic will be highly appreciated.
