Is give money on interest is legal?
Is give money on interest is legal?
I have given 1 Lac rupess in Dec 2020 @ 3 % p.m interest through bank transfer and he promise me to return my money within two months. In the begining he paid me interest on monthly basis through bank
1 year ago
A. Dear Sir,
You can put date on the cheque and file a cheque bounce case. Since because you are not running any regular money lending business as such no case can be made out under the provisions of Money Lenders Act.
Renewal of Passport in case of 138 NI ACT
Sir, i have 2 Cheque Bounce, Section 138, NI Act Cases, I am attending for Court hearings from time to time. I have exam in India for that Passport is mandatory to apply for the (CFA)exam. All cases a
1 year ago
A. Dear Client
Although the cheque bounce case are categorised under the criminal law but as such they are not equivalent to the cases which are initiated after lodging a complaint with the police. So, you should not have nay issues with the renewal of the passport.
SEC 138- I am distributor for led lights
am complainant in my case.. I am distributor for led lights. I had done a distributor agreement with a party. I had taken 3 blank cheques @agrreement for credit sale.and also taken bg from bank for th
1 year ago
A. Dear Client,
you should have mentioned the facts that you received the stock back and about the BG amount. the opponent party may rise a point against these in the court.
Interest charging at 30% PM
Sir i took a loan of 10,000 from a company, as per the website it was mentioned interest as 1000 for 61 days tenure after 61 days need to pay 11000, but when the same company approached me they are co
2 years ago
A. Dear Client
The interest that they are charging is usurious and you can file a complaint to the RBI for this. Let RBI take action against such lenders who are flouting the banking and lending norms to harass the people.
My friend give me syndicate bank
my freind give me syndicate bank crossed check on march 2020 of rupees two lakh fifty thousands after bank merged with canara i ask my freind to settlle my money or give me valid canara bank cheques
2 years ago
A. Dear Client,
You may send a legal notice to your friend asking for the said amount, if nothing happens then file a case under negotiable instruments act.
Justice for loan payment
Is it compulsory...? For take lawyer to argument for our civil case at court ..?
2 years ago
A. Dear Client,
You have the right to fight your own cases without engaging any advocate. It is not necessary that you must engage an advocate to fight your case in a court. A party in person is allowed to fight his own case in the court.
Send legal notice for bounced cheque
I paid extra 52k to the decorator, but it's been a year now the person is dodging me, this month he gave the cheque but it was bounced due to insufficient funds. Therefore, I want to send a legal noti
2 years ago
A. Dear Sir,
It is long process to recover above small amount because lawyer may charge you Rs. 3000 to 5000 and there after you have to file cheque bounce case and it may require 2 to 3 years to dispose.
Bajaj finserv loan before pandemic
Hi I have taken 2 mobile phones from Bajaj before pandemic I was unable to pay the emis now someone is calling from sp office and torturering me and my family that if I won't pay in one hour police wi
2 years ago
A. The bajaj loans cannot go to the SP office & make phone calls to u.... There is NO loan recovery backed up by police.. kindly RECORD all their call & save in email.
Cheating my money
One of my brother in law has taken money from me of nearly 300,0000 (Thirty lacks) . He took my jewelry, including my wife one . Whenever we ask he was telling he applied for a loan, once he gets it h
2 years ago
A. Hello Sir,
As per the facts which have been provided, you can move to High Court, City Civil Court including Civil judge Junior Division court, Court of Metropolitan magistrate, also Court of small causes for filing a civil suit under under the order 37 of CPC.
Hope this clarifies your query and requirement.
Thank you.
Topup Loan Fraud
Hi , i have a mortgage loan when i tried to close my loan but they said minimum of 3 years should complete to close and offered Topup when the time they collecting documents and cheque they said elgi
2 years ago
A. Dear sir if the loan has already been sanctioned and the money has been disbursed to your account then you have to pay the tenured emi every month regularly otherwise stopping your payment to the loan company without proper intimation to the company may affect your civil score as well as the loan company may take legal action against you for non payment of emi on time or cheque bounce. Otherwise, if the loan amount has not been yet sanctioned and disbursed in your account then immediately consul ...ReadMore
Subhashis Paul
