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Borrowed money from someone, but unable to pay the interest
27-Oct-2023 (In Banking / Finance Law)
Sir, i had took money from one person by giving my chq and promise note all put together in 3 yrs i took 20 lakhs and i was paying 5% interest rate to him and now i lost my job and even for this money i had given land papers to him for the secure. now i stooped paying interest as i lost job and even not able to serve my self only interest i paid to 30 lakhs to him in 3 yrs now i dont want to pay any single rupee to him. is there any solution for this problem to help me
do you have all the proofs of the payment made by you, did you issue cheques with dates, if yes, then such cheques are obsolete, did you issue the promissory note with date, if yes then such promissory note as well is obsolete and pertaining to your document, did you offer any GPA or SPA or MOTD in his favour
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Adv. Neeraj N
Hyderabad | 100+ Answers
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