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Money lender harassing for repayment of loan what can be done
23-Mar-2023 (In Criminal Law)
Namaste I have taken loan from my friend mahesh for buisness but i came in loss at the same time mahesh started harassing me for money so i have taken loan from another friend balaji to repay mahesh but by taking money from this friend to that friend today i am completely wash out and i have paid heavy intrest to my friends similarly to there loan amnt means i have paid 75%int against there loan but i am completely wash out they are still harrashing me i am getting depressed i want to live life happily i want help what should i do how should i face them who will support me pls give solution
whether you are in written any agreement for hand loan etc. in your friends?
whether your friend are partner in your business?
whether you are eligible for repaid the loan amount?
you are requested your friends for giving money for started business, at that time you are execute any documents . in case you are not execute any documents which was sign by you- no tension
simply you are issued notice to your friend for that purpose
friends are not required interest
but they are harassing you means they are serious about refund . therefore you are file filed written complaint against them for harassment by your nearest Police station.
and you take appropriate action against them ik immediately.
whether your friend are partner in your business?
whether you are eligible for repaid the loan amount?
you are requested your friends for giving money for started business, at that time you are execute any documents . in case you are not execute any documents which was sign by you- no tension
simply you are issued notice to your friend for that purpose
friends are not required interest
but they are harassing you means they are serious about refund . therefore you are file filed written complaint against them for harassment by your nearest Police station.
and you take appropriate action against them ik immediately.
Helpful?
39+
39+
Adv. Nilesh Y Thengre
Nagpur | 100+ Answers
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You have taken loan
You have at least to pay the principal amount at the rate of bank interest
What you have done with money is your problem but they paid you is a fact
Now you have no money is your problem.
Sell of whatever assets you have but at least pay their principal amount with some interest.that will help you but if search for escape route by spending on litigations you achieve nothing you will realise that you wasted money and borrowed dishonesty and mental stress.
Better pay .If you can spend on food and other luxuory you can pay.
You have at least to pay the principal amount at the rate of bank interest
What you have done with money is your problem but they paid you is a fact
Now you have no money is your problem.
Sell of whatever assets you have but at least pay their principal amount with some interest.that will help you but if search for escape route by spending on litigations you achieve nothing you will realise that you wasted money and borrowed dishonesty and mental stress.
Better pay .If you can spend on food and other luxuory you can pay.
Helpful?
33+
33+
Adv. Amresh Sharma
Mumbai | 100+ Answers
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