Unable to repay money on time and getting mental torture what to do

605 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.

Advocate Murugan E.M. LawRato

507 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

Advocate Manoj George LawRato

765 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

Advocate Sheejish P T LawRato

600 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.

Advocate P Venu LawRato

83 votes

If you're facing mental torture or harassment related to repayment of a loan or financial matters, it's important to address the situation calmly and legally. Here are the steps you can consider taking:

1. Communication: Start by communicating with the person or institution from whom you borrowed the money. Explain your situation honestly and discuss possible solutions. Often, open communication can help resolve misunderstandings.
2. Review the Loan Agreement: If you have a formal loan agreement, review it carefully to understand the terms and conditions, including repayment terms, interest rates, and any clauses related to default or late payments.
3. Seek Mediation: If communication breaks down, consider seeking mediation through a neutral third party. Mediation can help both parties come to a mutually acceptable resolution.
4. Legal Advice: If the harassment continues, consult with a legal expert or attorney who specializes in civil matters. They can provide guidance on your rights and options under the law.
5. File a Complaint: If the harassment persists and crosses legal boundaries, you may need to file a formal complaint with the appropriate legal authorities or consumer protection agency. Be sure to document instances of harassment or illegal actions.
6. Restraining Order: If the harassment is severe and affecting your mental health and well-being, you may consider seeking a restraining order or protection order against the person causing the harassment. Consult with an attorney to explore this option.
7. Debt Consolidation or Restructuring: If your financial situation is genuinely challenging, explore options for debt consolidation or loan restructuring, which can help you manage your debts more effectively.
8. Stay Informed: Familiarize yourself with the consumer protection laws and regulations in your jurisdiction, as these can vary. Knowing your rights as a borrower is essential.
9. Document Everything: Keep records of all communication, including phone calls, messages, emails, and letters related to the harassment. This documentation may be useful if you need to pursue legal action.

Remember that harassment for debt repayment is illegal in many jurisdictions, and you have rights as a borrower. Seek professional legal advice if you believe your rights are being violated or if you're facing severe mental torture due to loan-related issues. Your attorney can guide you through the appropriate legal actions to protect your interests and well-being.

Advocate Chikirsha Mohanty LawRato