Shubham Saxena
1 year ago
I took a car loan for one of my friend on my name, on paper car is also on my name but it is being used and took care by my friend itself. Now he is not sending emi amount on my account and emi is getting deducted every month from my account. What should I do. I have a photograph of him when car was handed over to him. What should I do now?
A.Hello,
You can file a criminal complaint/FIR against your friend under appropriate sections under the Indian Penal Code for inducement and fraud. Once the FIR is filed, there will be a proper investigation by the police. If the police does not file an FIR, we can involve the courts.
You can file a criminal complaint/FIR against your friend under appropriate sections under the Indian Penal Code for inducement and fraud. Once the FIR is filed, there will be a proper investigation by the police. If the police does not file an FIR, we can involve the courts.
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A.Unfortunately you got nothing to do against your friend to recover emi from him lying outstanding against your car loan.
As a loanee you are alone liable to repay your debt.
As a loanee you are alone liable to repay your debt.
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A.Dear Sir,
If the RC book is in your name then threaten him to lodge complaint as your car is stolen. He may come for compromise. Not to worry.
If the RC book is in your name then threaten him to lodge complaint as your car is stolen. He may come for compromise. Not to worry.
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