personal loan case

Querist : Anonymous (Querist) 25 July 2010 This query is : Resolved
dear sir
i have take a personal loan of three lakhs from citibank
i paid for 12 months how i have to go singapore for job will i be caught in chennai international airport.
what should i do.i could not pay for financial reasons

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s.subramanian (Expert) 25 July 2010
unless any criminal proceeding is taken against and your presence in india is required for the same,nobody can prevent you from travelling to singapore. loan dues does not clothe the creditor with any right to prevent the debtor from travelling abroad without any order from court.

V.T.Venkataram (Expert) 25 July 2010
Since there is no warrant pending against you, your fear of arrest is imaginary and unfounded. .Please proceed to Singapore. Best of Luck !!!

adv. rajeev ( rajoo ) (Expert) 25 July 2010
Is there any non bailable warrant against you? if not nothing will happen.

Sukhija (Expert) 25 July 2010
make arrangements for payment of ur installments on time while u r away. Not to worry about being caught at airport unless warrant is pending against u. Police will not come to airport unless they r informed about ur intention to leave abroad. Dont worry.

Yamalapalli Haribob (Expert) 25 July 2010
At first instance the bank shall file suit for recovery of amount due from you.As per order 38 rule 1 of c.p.c,the bank can file a petition for your arrest as your leaving india with out discharging their debt.But you don't worry.I think there is no suit against you.But my advise is make arrengements for payment of your installments.

Parthasarathi Loganathan (Expert) 26 July 2010
Meet the bank officials and apprise your financial position. You can put up a request in writing for rephasement of loan bringing in additional guarantee to the loan. This would amicably settle the issue

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