How to file case against money lenders for harassment ?

Question

How to file case against money lenders for harassment ?

25-Jul-2024 (In Civil Law)

Hello sir, I borrowed 3 lakhs from a relative agreeing to pay 15 percent interest per month. We had made this agreement on a stamped paper in 1 Dec 2012. Till now I have paid him total 16 lacs some in cash some into his account. Now he has threatened that I owe him 26 lacs which I need to pay immediately else I will have to pay 30000 every month forever. What I need to do ?? where to complaint against illegal money lenders ?, Please help

Answers (3)

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Advocate Anjan Borboruah LawRato · Accepted Answer · 2024-07-25T12:34:47+05:30

Answer #1

Consult into a local lawyer of your place and file a criminal case against him for his wrongful act and threatening you. And if possible also send a legal notice through the said lawyer immediately...

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Advocate GK Gupta LawRato · Accepted Answer · 2024-07-25T12:34:47+05:30

Answer #2

You have paid much more than he deserves . The rates being charged by him are very very high for money lending for private purpose . Without going through the agreement you both entered into it is difficult to say any thing specifically yet I can imagine that the contract must be illegal . You stop paying and let him go to the court .

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LawRato LawRato · Accepted Answer · 2024-07-25T12:34:47+05:30

Answer #3

If you have the valid agreement then you must pay as per the agreed terms in the agreement. If your relative's claims are are ultra vires to the agreement then you can go for a civil suit. Also if he is showinh force etc then you can file a criminal complaint in your local area police station.

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