Do Banks or NBFCs take people to court for 15+ year old debt defaults?

Community Forums Legal Advice India Do Banks or NBFCs take people to court for 15+ year old debt defaults?

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      Bravefox8411
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        Bravefox8411
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        April 21, 2025 at 2:36 pm
        Lets say person was kept in dark for like 18-20 years (no communication on pending debt or any attempt to recover it in nick of time) and all off a sudden send them out insane amount debt claims.

        In such cases despite of time barred/statute limitation clause do these NBFCs or Banks file court suits?

        or should this person file a suit? or only legal notice with all relevant data is sufficient?

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