Bengaluru | 24 Mar, 2021 (1 year, 8 months ago)

Criminal Law

Issue with Personal loan

Dear Sir /Madam, I had availed a loan from Kotak bank and have not been able to pay the amount. It has been more than 3 years that I last paid. Theat was when i had lost my job and since then struggling to earn to keep my familyu afloat. I had to also vacate and give my house back to the bank frm where I had taken home loan. A month back I recieved a call from the police stating that he is calling me from Delhi and there is a warrant on my name. I asked for some time but was not able to arrange for the money. The Kotak lawyer then asked me to produce 5 cheques with an amount of Rs 1 lakh or he will have the police arrested. I provided them with the 5 cheques and the first one got bounced. They have threatened to arrest me. I am not sure what are my options.
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