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Can You Be Arrested for Not Repaying a Loan in India?

 

Can You Be Arrested for Not Repaying a Loan in India? 💸🚔"

#DebtRecovery #LoanDefault #IndianLaw #LegalRights #FinancialLaw

NO! ❌ Failure to repay a loan is NOT a criminal offence, but legal action can be taken! ⚖️🏦

🔹 What Can Happen If You Default?
✅ Banks Can File a Civil Suit – Under SARFAESI Act & Recovery of Debts Act! 📜
✅ Credit Score Impact – Your CIBIL score will drop drastically! 📉
✅ Property Seizure – Secured loans may lead to asset confiscation! 🏠💰

🔹 When Can You Be Arrested?
🚨 Fraud Cases (Section 420 IPC) – If you took a loan with false documents! 📑
🚨 Cheque Bounce (Section 138 NI Act) – If your EMI cheque bounces! ❌

💡 Pro Tip: Negotiate with the bank or go for a one-time settlement to avoid legal trouble! 🤝✅

📞 Facing loan issues? Call: +91-9051112233
🌐 Website: https://www.lexcliq.com

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