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How to get rid of online loan harassment in India?


04-Jul-2024 (In Civil Law)
I have taken money from a person 1 yr back on an interest rate of 3%. However due to some reason, I was unable to pay it. Now I have asked for a last 3 months period which I agreed under his pressure. He is asking to put an agreement with this 3 months period. I have got a call from Police SI as well asking to do so. I need 1 yrs time to pay the amount and interest back to the person. Moreover the person is giving me tremendous mental torture as well. Kindly advise as on what can be done.
Answers (4)

Answer #1
845 votes
The query can be answered properly on knowing more about the transaction. Whether there is an agreement. Whether there is already a cheque or pro not issued and such things. From the limited information a police officer cannot interfere in a civil dispute. They are trying to make an agreement to give enforceability to the transaction. But a police officer cannot coarse you to do so. You can file complaint before Police complaints authority or High Court against Police harassment. If the lender comes with a suit for realisation of money the same can be contested and can later be settled the same at the time you stipulated. More over a complaint under Money Lenders Act can be lodged against the lender if he is making more trouble to you.
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Advocate Murugan E.M.

Adv. Murugan E.M.

LawRato Ernakulam | 25+ Answers
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Answer #2
547 votes
Certainly you should return the money you had borrowed. However, the lender cannot take law in his hand nor can police interfere in the matter. Try to convince the other person for an amicable settlement.
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Advocate P Venu

Adv. P Venu

LawRatoVaikom | 5+ Answers
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Answer #3
964 votes
Hai. eventhough all money related matters are criminal in nature the real remedu comes in a civil suit. The cause can be truly challenged in a civil suit by way of injunction n stay. U may even get more than a year time to give him tat money. Legally saying one can redeem money only if there is a written agreement or some sort f instrument to claim over the same. So u may bot have to worry if there is an injunction against him to redeem money only through process f law. U may even escape from the liablity totally... contact a civil lawyer Hope am upto ur query
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Advocate Manoj George

Adv. Manoj George

LawRatoAlappuzha | 100+ Answers
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Answer #4
983 votes
Hi, In this case, that person who gave you loan or the police cannot torture mentally you or force you to enter to such an agreement. You advised to file a police protection and police harassment case in the Hon'ble High Court, so that he or the said police office will stop intimidating you in this account. His proper remedy is only to file a civil case in the civil court instead. If so, you will get enough time, more than an year, to repay it. Regards, PT Sheejish, Advocate, Kochi
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Advocate Sheejish P T

Adv. Sheejish P T

LawRatoErnakulam | 50+ Answers
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