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Loan amount disputed- Lender forcing for Notary daily


25-Nov-2025 (In Recovery Law)
Took a loan of Rs 97000 in 2005 no written agreement, small repayments of Rs 50000 upto 2020. In 2021 when lender pressurised for agreement, agreement done on normal paper with interest 1.5% per month, Three signed blank cheque were given in 2020, 2021 & 2024. some payments made between 2021-2025.Total repayments made amount to 180000. Lender forcing for notary of loan @ 1.5% per month on compound interest basis, which is not at all agreed & loan amounts get disputed and lender is forcing daily.
Answers (1)

Answer #1
773 votes
You should immediately issue a written notice to the lender by registered post clearly stating the total amount already repaid, withdrawal of consent to misuse blank cheques, and disputing the alleged outstanding amount. Retain proof of all repayments. If the lender threatens or forces for notary or additional signatures, you may lodge a police complaint for criminal intimidation and attempt to extort money. The lender’s claim will not stand in court without proper accounts, and you have strong grounds that the alleged amount is inflated and unreasonable. Do not sign any fresh document under pressure.
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