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Receive legal notice loan amount not paid
02-Sep-2023 (In Recovery Law)
I have received a legal notice for non-payment of the loan amount, I had taken a loan of 30000k from a private financier but they have shown a loan of 1lakh.
You need to hire expert advocate to reply to the legal notice to put your defence else it will give adverse impact on your case !
Followed by a police complaint !
Kindly b in touch to understand the legalities !
Followed by a police complaint !
Kindly b in touch to understand the legalities !
Helpful?
Adv. D. Khan
Delhi | 500+ Answers
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reply to the notice stating your version of the facts must be given to the lender.
if a case is filed subsequently you would need to contest the case in court.
should you have any questions please feel free to contact me
if a case is filed subsequently you would need to contest the case in court.
should you have any questions please feel free to contact me
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Adv. Kunal Seth
Delhi | 500+ Answers
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The private financer must have added interest in the amount that was given to you. You can always serve him/her a legal notice regarding your inability to pay such a huge amount requesting them to settle the amount at some mutually decided amount. For more legal assistance I am just a call away.
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Adv. Jitender Singh
Delhi | 500+ Answers
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For an effective reply it is advisable to collect all the papers with respect to the loan and based on the earlier loan agreement you may send reply to the legal notice.
Also include the amount already paid and the amount remaining. Please look into the penal interest which they may have levied.
Also include the amount already paid and the amount remaining. Please look into the penal interest which they may have levied.
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Adv. Kunal Sinha
Delhi | 200+ Answers
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this is a common thing that private money-lenders do. they include the interest amount and show an inflated figure. you should definitely reply to the said legal notice and state your position and admit to only taking 30000rs or say that you didn't take anything at all. this also depends if the said money-lender has post-dated cheques from you.
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Adv. Rohan Sharma
Delhi | 200+ Answers
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