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Debt Destroy

Plenty Of Laws Protecting The Debtors...............Just Need To Be Awre Of Them!!


niitesh Rep Points: 665
Posted on March 28, 2009 at 4:11 am
In India Recently Icici bank was fined 50 Lakhs for harassing a costumer regarding debts collection.Actually the Bank had hired goons to collect the debts and the goons beat up the person for not paying out the debts.The court fined the bank for it!!!

woolford16 Rep Points: 2,160
Posted on March 30, 2009 at 11:54 am
i don't know what the rules are in india but they are deffinetley different to the ones in my country

pinl Rep Points: 1,610
Posted on March 31, 2009 at 6:33 am
I also came across a similar kind of situation from the same bank but its not so worst like the one you mentioned and I guess everyone is not lucky enough to get a compensation for the trouble they have gone through.

bluebird Rep Points: 490
Posted on April 6, 2009 at 2:31 pm
I agree, that those who educate themselves about their rights as debtors, is essential. Banks that resort to these tactics, should be severely fined.

tekie.tony Rep Points: 735
Posted on April 7, 2009 at 8:12 pm
yes i have seen this news on the internet long time back . but good that you reminded all of us of that . thanks