I have given my on going car loan in continue finanance

515 votes

From the facts stated, you have clear legal remedies. Since there is a written agreement and the person has defaulted after paying only 11 instalments, his conduct amounts to breach of contract and cheating if there was dishonest intention from the beginning. As the registered owner and borrower, you remain legally liable to the financier. Therefore, you should immediately issue a legal notice demanding payment of all pending EMIs or return of the vehicle within a specified time. If he fails to comply, you may initiate both civil and criminal proceedings. A civil suit can be filed for recovery of dues and enforcement of the agreement, and a criminal complaint for cheating and criminal breach of trust may also be considered based on facts. You may also take steps to repossess the vehicle, subject to the terms of your agreement and law, to avoid further financial loss and credit impact. For proper strategy, document review and immediate legal action, a detailed consultation is advisable. After completion of consultation formalities, we will guide you on the most effective course of action.

Advocate Pavani Kumari LawRato

571 votes

Send a strong legal notice demanding: Payment of pending EMIs immediately Clearance of overdue amount Indemnification of your client Hand over vehicle if payment not made If he fails tell him that we file a civil + criminal case in him , Approach us we will help u

Advocate Rajkiran Govindcar LawRato