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Given Money To our Realitives on 12%
24-Dec-2023 (In Recovery Law)
My Dad Gave money to his brother in law from other broker on 12% 3.5 yrs back . He was not giving intrest on time from last 3.5yrs and Intrest amount and principal amount went to 17 lakhs So we make a bond in which he by himself written he has taken 17 lakhs from us . But a week ago he make a fake plan of going out from home and of suicide attemp becaus of money loan . He has taken more money on loan from other few people also . Now police has told us not to call him and ask for money. What tdo?
Well, Suicide threat was just a tactic used by your Dad’s Brother in Law to not pay you the loan EMIs'. For this, it seems, he has involved some officials in his plan too, I suggest you, to file a case in Civil Court directly to recover loan from him. If anything happens to him or if he commits suicide, you will not remain liable, as you have already given him sufficient time to pay.
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Adv. Pankaj Bajaj
Mumbai | 500+ Answers
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