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Property debt
4 years ago
I got 3 lacs for 2% interest on April 2014
And I have Interest for 1 year and suddenly my father got paralyzed and didn't pay interest from Apr 2015, but I didn't provided with receipt for the interest paid Now I got a letter from court stating I have to pay 16 lacs lacs orelse property will be seized. Can u help me out what is the possible way to defend.
Advocate Manish Kumar
Responded 4 years ago
A.you have not disclose either it was personal loan or commercial/business loan. letter sent to you may be legal notice so kindly send me said letter so that i can read what ground was taken against you.
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A.Dear Sir,
You may share entire details of your loan transaction. It cannot be double the amount of principal amount. Further a loan cannot be recovered if suit is not filed within three years from the date of advancement of loan.
Please take PAID phone call with me through VIDHIKARYA and get more legal guidance.
You may share entire details of your loan transaction. It cannot be double the amount of principal amount. Further a loan cannot be recovered if suit is not filed within three years from the date of advancement of loan.
Please take PAID phone call with me through VIDHIKARYA and get more legal guidance.
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