hai sir, as my father took amount from a person as he is paying interest for that money from so many years,he took 1 lac and he payed 5lac interest . even though he is coming with group of people and using abusing language i request how to file a case against him
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how was loan taken by cash or cheque ? ho was loan repaid by cash or cheque ? whether any document signed by your father regarding rate of interest ?
if creditor is threatening your father your father can record conversation and lodge police complaint against creditor
my father wrote a signed letter, amount taken directly from him, and we do have his signed empty document,
from past 1yr we are depositing in bank.
3% is the rate
does the creditor have money lending license ? your father has acknowledged his liability to pay the loan amount
he is an govt employee . actual story is this my father took 1lac and paying only interest and with that interest he added some amount he kept that amount in chit again he drawn the amount of 1lac and given to my father like this he made around five lac, and we are paying interest from long years kindly suggest how to get rid of this i will be very thankful to you
contact a local lawyer . necessary to see the papers signed by your father . refuse to make further payment . let him file recovery proceedings against your father
If the creditor is abusing you then file a police complaint in the nearest police station. The creditor may take recourse to law to recover the money, but he cannot resort to such tactics.
If your father has signed a letter acknowledging himself to be under debt then it may amount to evidence against him. The right of the creditor to lend money can be questioned if he does not have a valid licence issued by the state government.
Consult a lawyer and show him the document signed by him to ascertain what are the rights and liabilities of your father.
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