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Unable to pay interest and loan amount , need time
10-Mar-2024 (In Recovery Law)
I have taken amount of 11 lakhs and 17 lakhs from two individuals at 10% and 6% per month. Now I have paid interest for more than 2 years. Now I am unable to pay either interest or principal amount. And they are harrassing me by they will occupy my house and take me out of my house. I don't have given any document of house to them. Kindly let me know what to do now because pressure is very high now from them
You can go into pre litigation negotiation through District legal Authority and can send them notice for final disbursement. Reach you nearest lawyer and tell them you can pay interest and he will file pre-litigation application for you .
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Adv. Alisha Kohli
Jammu | 25+ Answers
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