Questions & Answers
Settlement of bank liabilities and ensuring clearance
I defaulted on a personal loan due to loss of job in 2016. Then via my friend and transfer of POA filed case for settlement. I paid money to a friend for settlement.
Wanted to understand if I settle my case through court does the bank give a clearance letter?
My friend has submitted me an immigration clearance letter and also PCC.
Should I consider my self clear from all legal liabilities on the basis of immigration clearance and PCC?
Can the bank re-apply for the case against me in future? How can I close my bank account?
Are the immigration ban and travel ban the same?
What should I do to re-assure that everything is legally right?
Dear Questioner,
Thank you for contacting me.
I assume there was a criminal case filed against you by the bank and the case is now closed after making the settlement.
Once you get the clearance certificate and PCC it is confirmed that you have no further pending matters in the country.
You will have to remove the travel ban from the concerned police station as well.
Thank you.
Regards,
Rajasree Ravivarma
