Money lending
Money lending
My husband has taken 70000 rs from relative on 2 oct 2021 with 3% interest rate and returned 30000 rs on 2 Nov 2021 and again on 15 Nov 2021 he borrowed 20000 rs. It's been 2 years we haven't returned
Posted 13 hours ago
A. Dear Client,
A dispute arising out of lending of money or transaction of money as a loan between relatives is considered as a family dispute and needs to be settled or resolved through a family settlement process. In the absence of any legal documents and legal sanctity behind such financial transactions between the parties, remedy or relief is almost uncertain even through litigation before the Court.
Money lending harrasment
Sir I want to check if I can file return case on person who lend money to my husband, I'm paying her every month 50k as payment and also cleared almost 12lacs out of 20lacs that he borrowed. She keeps
Posted 2 weeks ago
A. Dear Client,
I'm really sorry to hear that you're going through such a difficult situation, but I can't provide the help that you need. It's important to talk to someone who can, though, such as a mental health professional or an attorney who can provide legal guidance in your specific situation. Please consider reaching out to a mental health counselor or therapist to discuss your emotional well-being, and consult with an attorney to understand your legal rights and options for dealing with th ...ReadMore
Debt Recoverey
The issue at hand involves a substantial sum of money, specifically, an outstanding debt of 4 lakh rupees that my father lent to a certain individual. We have a written letter outlining the terms of t
Posted 2 weeks ago
A. Dear Client,
Since there is no date on an undated cheque so the person holding the cheque is free to present the same on any date by putting a date on the cheque. The Supreme Court in the case of Sripati Singh v. State of Jharkhand, 2021 SCC OnLine SC 1002, decided on 28.10.2021, held that a cheque issued as security pursuant to a financial transaction cannot be considered as a worthless piece of paper under every circumstance and that there cannot be a hard and fast rule that a cheque which is ...ReadMore
Legal notice - loan amount of 9500 rupees
I have taken a loan amount of 9500 rupees. With charges the loan amount has been increased to 21230 rupees.Right now I am unable to pay due to unemployment or other issues. The lender had given a lega
Posted 3 weeks ago
A. Dear client,
The legal notice needs to be replied within the expected time if not done so then it will be considered as beneficial for the person sending the legal notice. Request him for asking more time to repay the amount.
Mental harassment - I run a business
I run a business , during my event marketing one of my frnd invested money 1.3L in return he asked me 2L for his selfish by know I m need of some amount . As a frnd , I agreed to pay him after the eve
Posted 1 month ago
A. Dear client,
If he threatens you, please file a police complaint. You can sue him in court for mental harassment and criminal intimidation under IPC. Please contact a lawyer.
Legal Advice - I used to pay Chit funds
I used to pay Chit funds to local unorganised party in my village.I had paid somuch of money and taken 5 lakhs from them as a chitfund amount.After that ,due to financial problem,i didnot pay an amoun
Posted 1 month ago
A. Dear Client,
If you availed the loan from Chit Fund by signing all the documents blank including a blank cheque or promissory note, then the said documents can be misused against you by the persons operating chit fund and with whom the documents were lying against your loan. If so happens, then on receipt of legal notice, reach out to an Advocate for proper guidance and steps to be taken against the chit-fund company under IPC 406 and 420 for criminal breach of trust and cheating.
EDUCATION LOAN RELATED QUERY
I have taken 70000 education loan from Eduvanz An NBFC I have not payed a single EMI since May, 2023 . Now they have sent me a legal notice what shall I do.
Posted 1 month ago
A. Dear client,
Legal notice for recovery of money acts as a warning for the borrowers who are not meeting the terms of repayment. This is a legal notice or warning to the person, if he/she does not respond to the notice or continues the malpractices then a case can be filed against him.
We would advise you to settle the matter amicably with the bank Please visit the bank and ask it to extend the time for repayment
Sarfersi act 13 3 clarification
We are a successful bidder of a property in Hyderabad We recently came across a major objection in a case Where borrower asked to not to convert his account to npa and regularise and requested for 1 c
Posted 2 months ago
A. Dear Client,
Section 13(3A) primarily lays down that any security interest created in favour of a secured creditor is enforceable without the intervention of any court or tribunal. As per sub-section (2) a creditor is required to issue a notice in writing to the borrower to discharge his liability within sixty days of the notice when such borrower has defaulted in repayment of secured debt or any installment thereof, and his account in respect of such debt is classified by the secured creditor a ...ReadMore
Scam - selected for our job
Someone called me and said u are selected for our job u need not to pay anything .Only u have to fill forms we will pay you in case not filled you have to pay if it has mistakes also you have to pay t
Posted 2 months ago
A. Hi client,
This type of fraud is very common these days. Review the said form from an advocate, if the said form/ contract is found to be false and frivolous you might not worry. You can send them a legal notice and also should get a general diary lodged against them in your local police station. Try to avoid them as much as possible.
Thanks and Regards
Notice under section 160 of criminal procedure 1973
I am being again asked to appear undrer section 160 ( 2nd time in 15 days) outside my state in a case registered by a bank against my ex company. I was not even key management person as per balance sh
Posted 2 months ago
A. Dear client,
In situations where the police sends a notice under Section 160 of the Code, the police should explicitly explain the contents of the F.I.R/Case No.
Please make sure whether the police have given you the FIR. If they have, then non-compliance with summons issued pursuant to Section 160 of the Criminal Procedure Code is a crime punishable under Section 174 of the Indian Penal Code and you might be penalised.
Section 174 deals with Not obeying a legal order to attend at a certain pl ...ReadMore
