You need not to do anything. Address cannot be a problem in loan proceedings, so relax.
For any further assistance, feel free to contact me on my e-mail "email@example.com"
Shubham Pabbi & Associates
As long as you are not the recipient of the loans, there can be no legal proceedings against you, however, you can send a legal reply to the banks stating all the facts and submitting that any further follow-ups with you shall be treated as harassment and compensation will be sought for the same. This can be done through a legal notice.
Why would you pay? , it's not your liability