Banks may offer one time settlement by compromise or settle the dues thru Lok adalath or other modes of recovery procedures.

After exhausting all the chances of a compromise settlement of credit card default dues, banks may be forced to go for filing a suit against the defaulter and other co-obligants or sureties, if any, for recover of dues. once after getting the favourable judgement, they may take suitable action for enforcing the recovery procedure as suggested in the court order.

Recovery suit will file. But that will take time and than will take years to recover. 

Bank would assign this job to some recovery agent who would call you and your references to pay the bank, if he is unable to get the recovery done, then the bank will resort to legal means.

Also state the date when the last payment was done from the credit card.

Bank can file summary suit under order XXXVII of code of civil procedure to recover dues with interest 

Bank can also file criminal case of cheating against you for non payment of credit card dues 

Most probably bank would file summary suit to recover its dues with interest 

The bank can file a suit civil in nature to recover the amount and the court on decree can pass necessary order to attach bank account and property.

In usage also the bank can recover the amount and also it will effect the credit history.

Penalty and interest will be levied.

the bank will file suit for recovery to recover the said amount.

if decreed, can get it by way of attaching property.

They can initiate arbitration and then go for execution in the court.

regards

Legal team of the bank can file a recovery suit which is civil in nature and can get you hooked in long terrible court proceedings.

One can also be made criminally liable for default as well if recovery amount is high. But usually civil procedures are occured.

Bank can freeze your bank accounts if it’s part of your agreement.

Dear Sir,

- You can connect with bank directly for negotiation and closure the account.

- Be informed, in no case now your SIBIL record will be corrected and it will impact your future relationship pertains to take any loan.

Regards

Vivek Arya

They may file money recovery suit and may even bring any property lying on your name to be attached by the court for the purpose of security.

They may indulge in some illegal methods also to recover the amount.

In that case you may approach police seeking protection 

Whether credit car or a normal loan, the may follow the due [process of law for recovery through civil court  hence you better talk to them and gt your loan restructured and settle it at your convenient

They can file civil suit for recovery and spoil your credit in cibil

The creditor can file civil suit to recover the loan amount and on getting decree of it can proceed to attach and sell your property to recover the loan amount.

The bank can file criminal case of cheating as well .

Forfeiture of the property and arrest attracts for the defaulters with black listed for future.

1. Credit card can be used for tow purposes, one so to swipe it and second is to withdraw some (40 percent) of cash from the total credit limit over the credit card.
2. Now, if you have used either of the facility, you will to repay the same within the period of 45 days.
3. If you fail in that then bank can file a suit for recovery (civil case) before the civil court of law to recover the amount with interest thereupon.
4. But, if you do not appear before the court in proceedings then at the end court may issue warrant for attachment of property of yours.
5. If no property then you can be put in jail, till the time you clear the dues.