Recovery of due amount
My self-Govindarajan. V and I have applied for personal loan at yes bank (4.75Lakh) and HDFC bank (3lakh), Loan was approved and after cut service fee & insurance, got amount. The money was transferred into Mr. Kannan.K and utilised amount for his business purpose.
• 4.75Lakh amount transferred Mr. Kannan.k (Note: Mr Kannan told with in 3month total amount will transferred to you, but not happened he paid EMI upto Apr-2021).
• ~3Lakh amount utilised from HDFC, SBI, ICICI bank Credit card and not paid, then I paid my self from HDFC bank loan amount.
• For 2nd hand machine (wire-cut) purpose he asked for money and I have arranged for 2.12lakh and utilised for same.
• Other than in-between transferred amount which is below Rs ~25000 and received amount from him (which is ~2017 to 2020 before march month).
Present he has to give amount as per promissory note providing for interest
• Amount value of Rs 214750 and received amount from him 100000 only. Balance amount to be received with interest.
• Amount value of Rs 470429 and received amount from him 150000 only, Balance amount to be received with interest.
• Amount value of Rs 384752.25 and received EMI amount from him and present balance amount ~250000 to be received with 2month interest amount.
I told to him, lot of time I have commitment for to buy a land for that required ~8Lakh amount, so that I request to him before 6month but he not responding. (from November -2020 to till now).