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Rakeshkumar taninki

Posted 10 months ago

My brother has taken 50000 as debt through me from someother. Almost 12 months has gone. He was not paying interest and also debt amount. He signed on stamp paper. How can I proceed? What law will help me in this situation?
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A. Law can only give a decision in your favour, but recovery is left to you and whatever means your brother has.
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Prabhakara S K Shetty Exp: 19 Year(s) Bangalore

Anonymous

Posted 1 year ago

Dear Sir, I am K Rajesh stay in hyderabad and I need an adivce from you sir. few months back my father expired and he used to work as a drive in a private company. After his death one person came to us saying that my father has borrowed some 2 lakhs amount with him with some xyz interest and my fathers ATM card was with financer and we have blocked the card and he withdraw some amount as a interest and message from SBI bank came to my father mobile and we came enquired and came to know that financer withdrawn the amount as n interest and immediately we after went to bank and blocked the card. Now we are a poor family and my father is actually a govt. driver retired pensioner. Financer is regularly calling us and asking to pay the interest and settle the 2 lakhs amount to him. Please suggest us what to do ? should we have to pay him or ignore him.
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A. If the ATM withdrawal was after death of your father, you can give a complaint to the Bank and to police as well, with the name snd address of person who had ATM card.
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Prabhakara S K Shetty Exp: 19 Year(s) Bangalore
I alongwith three of my friends had lended money to another friend amounting to 4,00,000 INR in total last year in the month of October and November 2017. He has been giving numerous excuses from then on when it comes to returning the money back to us. We waited, however, nothing came to fruition till now. In month of March 2018, we decided to make a hand load agreement, an affidavit, which stated, alongwith the details of the money he owes us individually, that the borrower would return the money by 1st April 2018. The borrower and we signed the agreement. The borrower hasn't paid a fraction of the amount yet and we don't have the idea how to proceed with it. Some people say that the affidavit isn't gonna work in the court/police station and that a notary would have been valid. Therefore, I need to know from you if the affidavit signed by us will hold valid in the police station/court. What do we do if the police or court doesn't accept it?
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A. You have to file a money recovery suit against him, However, it will require court fee to be paid by you.
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Prabhakara S K Shetty Exp: 19 Year(s) Bangalore

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