Loan Repayment -from Finance Agency Loan Repayment -from Finance Agency

2 years ago

My wife had given loan to her brother after taking from Finance Agency like Bajah,Aditya Birla Finance to the tune of 13 lacs. He was in need and had promised that he will repay that within a year. She is paying emi of 40k per month. It has been 3 yrs and he has money also but he is not repaying as there was no signature taken in bond paper while giving loan. All was given in trust only. What can be done. Kindly tell me as we have exhausted all options.

Abhimanyu Shandilya

Responded 2 years ago

View All Answers
A.Dear Client
You will have to create the evidences showcasing that the brother has taken loan from your wife by sending him a legal notice and showing the banking transaction. Once you are able to do that then ask him to repay the loan.
Helpful
Helpful
Share

Post Your Matter Post Your Matter

Talk to a Lawyer Talk to a Lawyer

Ask a question Ask a question

Vidhi Samaadhaan Vidhi Samaadhaan

Read Related Answers

question iconJoint account Chaque with minor signature only
Dear Sir, Please check whether cheque is acceptable with the signature of minor normally it is not acceptable. Please get an endorsement from the Bank and then get issue a legal notice as provided und...
question iconCheque and pronote
Dear Sir, You have done a blunder mistake. However, you may approach the Police and lodge a complaint of cheating for not returning your cheque leafs and pronotes. Even if no action is taken by the Po...
question iconCheque and pronote
Dear Client, In the given scenario, lodge a missing complaint of cheque leaves and pro-notes at the Police Station and also lodge an FIR against the person for cheating under Sec.415 of IPC. which may...
question iconOverdue Loan
Dear Client, Under the Provincial Insolvency Act, 1920 (which is now repealed as IBC Code 2016), you can file for bankruptcy if you are unable to repay a debt greater than ₹500. After analyzing wheth...
question iconMoney lender charging 10% interest per month
Dear Client, If any person is involved in trading of money lending or any other financial transaction without any license or permission of the concerned regulatory authority like RBI, SEBI, then he m...
Read Blogs on Debt and Lending Agreement