[Resolved]  American Express Bank — American Express card no.[protected]

I appeared in person before the Hon'ble Ld. Judge at Lok Adalat on[protected] in Patiala House Court, New Delhi.
The dispute was settled in the Lok Adalat for American Express card no.[protected] in Rs.11,500/
(Eleven thousand five hundred only)
The same amount was deposited in cash by me wide reciept no. 2828 dated:[protected] .
The bank issued me a settlement letter no. 2006148/AEBL TRS/LOK/RCPOA_LOKLOK dated[protected]
in the hon'ble court.
But the recovery amount is still reflecting in Credit Information Bureau (India) Limited against my name.
This matter is already informed/requested by telephone to American Express Bank Ltd. but nobody is hearing my complaint.
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Aug 13, 2020
Complaint marked as Resolved 
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Hi Sir,

Can u tell me plz what was the original amount against which u settled for 11500/-...waiting for ur reply deeply appreciated.

Thanks & Regards,
Ranjit Sengupta

Also till recently even i[censored] have settled the amount the bank reports the difference to CIBIL. So for eg i[censored] have original outstanding of 20000/- as per bank records and u settle it at 10000/-...then u will stop getting calls from that bank however the bank will report ur status as 10000 remaining but settled and u may or mat not get a new loan dependin upon the other bank review system...but the good news is the RBI is issuing a directive which will probably be effected in the new financial year stating that once the account is settled for any amount it will not be reported as negative to cibil..so have patience it will work out in ur favour..kindly read the financial times daily...on a personal note be very careful with banks

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