HSBC
Personal Loan Legal notic

Dear Forum

I am a HSBC personal loan customer, took the loan about 4 years before and settled the loan for 80K INR and paid half of the amount in one installment. However I couldn't pay the rest amount and I had to go overseas. After longtime now, I got a legal notice from an advocate stating that I didn't appear for the case in the courts and they would be sending a notice to cancel my visa and passport. I didn't receive any notice/communication from the bank for the last 4 years and got surprised to see the mail on the legal notice.

I have responded and called the bank and bank is saying my outstanding payment is around 1.4 Lakhs INR.

I have requested the bank to close the loan by letting me pay the rest of amount from 80K settlement as I am in critical financial conditions and they are denying.

Below are my queries.

1) How valid is the legal notice one me and how should I respond not to have any further legal proceedings.

2) Is it legally possible to cancel my visa based on the bank's complaint.

Kindly suggest the ways to proceed.

Company: HSBC
Country: India

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