[Resolved]  Kotak Mahindra Bank — Arbitration Notice

Address:Mumbai Suburban, Maharashtra

I am from Mumbai and I have some unpaid dues on my Kotak Credit Card.

I received a notice from an advocate from Mumbai on behalf of Kotak Credit Cards, asking to pay entire dues in 7 days. Then 15 days after that, another letter is received from the same advocate, addressed to another advocate in Mumbai with subject "Appointment of Arbitrator Under Section 11 of Arbitration & Conciliation Act-1996, appointing him as the 'Arbitrator to adjudicate upon the claims'

Kindly evaluate and advise how to deal with the above Arbitration Notice Issue and what it can result into.

I have also read in certain forums on Credit Cards Defaults that Credit Card dues are unsecured loans and the banks do not file a legal case in such matters. Even if they do, it takes years.

Kindly reply at the earliest and oblige.

Regards,

Ashton
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Aug 13, 2020
Complaint marked as Resolved 
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Dear Ashton,

We would be more than happy to look into the issue of your dues and help you resolve it. However, we would need a few additional details to proceed: request you to write to [protected]@kotak.com with your card number. Once we receive this information, our team will contact you and help you resolve this matter at the earliest.

Regards, Kotak Support Team
Dear Ashto,

WHAT IS YOUR LATEST STATUS ABOUT ARBITRATION NOTICE? PLEASE REPLY AS EARLY.
Arbitration Notice

I am SUKHENDRA CHANDRA BHOWAL from Kolkata and I have some unpaid dues on my Kotak Credit Card no.[protected]

I received a notice from an advocate from Mumbai on behalf of Kotak Credit Cards, asking to pay entire dues. After that, 09.04.11 another letter is received from the same advocate, addressed to another advocate in Mumbai with subject "Appointment of Arbitrator Under Section 11 of Arbitration & Conciliation Act-1996, appointing him as the 'Arbitrator to adjudicate upon the claims'
My arbitration date is 27th April,2011 in Mumbai.

Now tell me what should I do?
Kindly evaluate and advise how to deal with the above Arbitration Notice Issue and what it can result into.


Kindly reply at the earliest and oblige.
Dear Mr Bhowal,

At the outset, we request you not to post sensitive information such as your credit card number on a public forum such as this, as it is liable to be misused. A representative from our team will shortly be in touch with you to help resolve the matter of your dues. Request you to bear with us in the interim.

Regards, Kotak Support Team
Hi Team,

I have only 1 emi due on my personal loan account. I have informed my relationship manager and the team to take the payments and clear everything by tomorrow wrt to dues as of date. Now this lawyer named mr.ganeshan has sent a notice twice asking me to appear in chennai court and without any background information to it. I have informed the same to local bangalore team and my relationship manager but he is unaware of the same.

Next date proposed by this lawyer is 16th march, I am on the verge of closing the loan account in 2 months time and i have already initiated talks on the same lines. This notice just creates alot of hassle for me and my guarantor. I would humbly request a way out since i am going to pay them tomorrow amount due as of tomorrow.

It emphasis on in person meeting which doesnt make sense if i make my duly payments.

B.Y

netbanking

My Mobile net banking A/c have been blocked because of entering wrong password.I request you to please give me new password for my Mobile net banking A/C so, I can use your services again.

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