Concilation notice from Credit card company.

Mr Kunal,

They are only being courteous and using better ways to resolve the issue of non-payment which is blocking credit card, blacklisting you and subbsequently issuing Notice.

In case you default again and avoid making payment, the bank can take action aagainst you in courts of law (suit for recovery, winding up petition etc). To avoid unecassary Litigation, the Bank is only giving you a warning which most financial institutions do just to avoid face of court

You are advised to hire a lawyer and go for the concilliation or else  absconding and avoiding payment will only attract further interest and unplesant circumstances.