Bankruptcy and debts - business cattle loan
1 year ago
We have taken a business cattle loan without cattle or own house. How they IDFC BANK people gave loan for 1 lakh. October 2021 we got the loan we paid UpTo January but for February month we were unable to pay monthly emi RS.5440 from that time they started torturing us. Went to my wife's workplace and enquired about her. Everything my relative was the main chap for taking loan who compelled us to take loan. Now we're unable to pay emi because my wife lost her job in three schools on whose name the loan was taken. Those people using local words and come in gang and give torture to my wife wherever she goes. Now they are telling that they paid for 3 months and asking us to give the money immediately. Now I'm without job and my wife taking tuitions only. How is it possible for us to pay if they interrupt in all workplaces.please give me a solution or else no other way except suicide. They haven't given any receipt for our previous payment.
You can send a legal notice asking them to waive the said 2 months, inspite of it if the Bank does not waive, then u will have to file a consumer disputes case for deficiency of services and mental agony.
Consult an advocate.
Hope it helps.