recovery of loan
i have 2cr of loan and now i dont have anything to pay that loan. i am earning 10000 per day = 20 days = 200000 per month from stock mkt and giving principal return to everyone from whom i took the personal loan. but all people are harassing me and hitting me and give me life threat, i dont know what to do now? frustrated and want to surrendr myself to police. what to do ? please help urgently. feeling to do suicide..
Those persons who have lent money to you can only recover the same by due process of law. They cannot take law into their hands. If you have been assaulted or given a threat to your life, you can approach the jurisdictional police and lodge complaint against the concerned. Ur income is healthy ,though not commensurate with the magnitude of loan u have taken, try to convince those money lenders that it will take some time to re pay the loan, if instead u face the hit of them, ask police to provide security.
- Disclaimer: The above query and its response is NOT a legal opinion in any way whatsoever as this is based on the information shared by the person posting the query at LawRato.com and has been responded by one of the Recovery Lawyers at LawRato.com to address the specific facts and details. You may post your specific query based on your facts and details to get a response from one of the Lawyers at LawRato.com or book a Detailed Consultation with a Lawyer of your choice to address your query in detail.
Get Started >>
Answers by Our Lawyers
- Terms of ownership on 100% contribution as old tenant
- Compensation asked my deceased family being negligence from his side
- My father buy a land from landlord but tenants are not vacating
- Wife not willing for divorce how can I proceed with it
- Benefits and further Steps to be involved for public Trust NGO