Gulf loan recovery

Querist : Anonymous (Querist) 24 April 2018 This query is : Resolved
Dear sir,
I need Accurate Legal Opinon on following :
I returned back from Gulf in 2011. Now from Feb 2018, Local recovery agent from Mumbai/Bangalore/Dubai are contacting me for recovery of Old outstanding dues to Gulf Bank. I checked with Gulf bank - as per their books of account - Loan balance is nil. Gulf bank may recovered small amount from insurance company or may sold it to recovery agents. Now recovery agent started calling me for the recovery.
My Query is as follow :
1.Whether Local agent in India are authorised to take legal action against me. It is already time bared by limitation. 2. if yes to above, What document i need to verify from Local agent- legal notice or with lawyer.
3.Whether Gulf bank has to send decree for execution in India.
4.How long it will take in india for settlement or closure of such legal case. I need lawyer for the same.
5.Whether Dubai/saudi arbia have any legal tie up with India to for recovery of old debts. I need clear legal point for these.
6.What is time line to recover old gulf debts in India.
7.Can Indian recovery agent arrest me.
8. Is it Crimal case or civil case. 9. I told agent to file case and will be seen in court. Kindly Guide to handle case legally.

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Ms.Usha Kapoor (Expert) 25 April 2018
You immediately engage a good civil lawyer and deal; with gulf recovery AGENT.According to THEIR BOOKS of account YOU HAVE CLEARED THE LOAN. Discuss ALL THESE POINTS WITH YOUR LAWYER.

Kumar Doab (Expert) 25 April 2018
Hope you have the written response from Foreign Bank that balance is NIL…!
The balance is NIL after being written off or after full payment?
What is this small amount that according you might have been recovered from insurance company and why?
If balance is NIL then why any amount (Debt) is sent for recovery by recovery agency?
Does Foreign Bank clarify in writing that IT has not sent for any recovery to any recovery agency?
You have already placed on record to agency to approach court.

Kumar Doab (Expert) 25 April 2018
Approach your own very able LOCAL senior counsel of unshakable repute and integrity specializing in consumer/civil matters and well versed with LOCAL applicable rules/laws and having successful track record…. and worth his/her salt………….and your counsel can handle the matter..
Check at LOCAL Consumer Forum, Courts Complex and some counsels might have handled such matters involving Foreign Banks from Gulf.
You can also search at for judgments involving Foreign banks, Recovery agencies, ARC ;
www.confonet.nic.in

Kumar Doab (Expert) 25 April 2018
Pls post with your ID and you can get many replies.
Your ID does not mean your email id or phone number and don’t post these also.

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