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Sir iam not paid emi in bajaji fincae I take tv worth 45 thousand als


17-Sep-2025 (In Recovery Law)
Almost I paid 30 thousand they total put interst nearly 50 thousand how can I mange plz give me suggestion sir
Answers (2)

Answer #1
950 votes
You cannot be compelled to pay arbitrary or excessive interest beyond what is legally permissible. Charging ₹50,000 interest on ₹30,000 is clearly usurious and illegal. You can issue a legal notice and file a complaint before the police or approach the civil court for injunction and recovery of excess amounts. You may also approach the Legal Services Authority or Consumer Forum to stop harassment. Preserve all receipts, proof of payment, and communications as evidence. Immediate legal intervention will protect you from further exploitation.
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Advocate Pavani Kumari

Adv. Pavani Kumari

LawRato Guntur | 400+ Answers
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Answer #2
710 votes
hi if they are charging more and heavy interest and harassing you continously to pay the charges and through recovery agents then you could file petotion in court to not to harass and recover the excess amount
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Advocate Baddam Aravind Reddy

Adv. Baddam Aravind Reddy

LawRatoSecunderabad | 1000+ Answers
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