Hi Guys,
I took a Salary transfer loan from CITI bank (in DUBAI) when i was working in Dubai and I have paid EMI's regularly...unfortunatley i lost the job during recession in September 2009...End of service benefits also transferred to the bank by my Employer....after that I left Dubai and staying in INDIA...... still i have to pay 12 EMI's to the bank.....
while taking the loan, i have signed few post dated cheque's generated by bank...
will they proceed legally????
Now i am not in a position to repay the amount to bank .....what will be the consequences??
How can i avoid facing the legal issues....please advice..