10 years after credit card was closed, bank sent legal notice demanding Rs 33 lakh; cardholder fights back and wins Rs 5 lakh compensation – The Economic Times

Clipped from: https://economictimes.indiatimes.com/wealth/legal/will/10-years-after-credit-card-was-closed-bank-sent-legal-notice-demanding-rs-33-lakh-cardholder-fights-back-and-wins-rs-5-lakh-compensation/articleshow/129676697.cms On August 27, 2010, Mr Venkatesh from Mysore, Karnataka, submitted a request to close his credit card and made a payment of Rs 15,500. The

Misuse of Insolvency and Bankruptcy Code by loan defaulters has tendency to badly impact economy: HC – The HinduBusinessLine

Clipped from: https://www.thehindubusinessline.com/money-and-banking/misuse-of-insolvency-and-bankruptcy-code-by-loan-defaulters-has-tendency-to-badly-impact-economy-hc/article70761462.ece The court said it has noticed a “disturbing trend” in which chronic defaulters take resort to the provisions of the IBC to frustrate