Mrs

5 years ago

Hi
One person had given money on interest basis to lend out. But not in one shot but accumulated one. Only thing is we had given him cheques. Recently we gave back 10lakh in one shot and got 2 cheques back. Now he is pressuring saying I need the rest amount in one shot and not ready to giv time. He is saying he will file CIBIL case. We seriously do not have so much money as to whom we have lend are not returning. What can we do in this case? Everyday he keeps going to people whom we know and presuurizing saying will take people to our home and other things

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Junaid Ali Khan

Responded 5 years ago

A.It would be better if you contact a vidhikarya lawyers and have a paid consultation because your facts are not clear.

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Deepak Yashwantrao Bade

Responded 5 years ago

A.Dear client if you have better evidence against them then you can approach to court through lawyer.

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ROBERT D ROZARIO

Responded 5 years ago

A.Facts not clear. You did not mentioned where are you located and is he holding money lending license or the rate of interest. Was there any written agreement. Legal positions cannot be answered without complete facts, as the answer will differ from one facts to other facts.

Doing business of money lending without a money lending license is illegal and attracts penal provisions under the Money Lending Act of State. If he is holding money lending license and over charging interest rate above 18%-21% (which varies from state to state) attracts penal provision under the law.

If he is not holding money lending license then you don't have to give him a penny. You don't have to fear about your cheque getting bounce as Court will dismiss his case once the court comes to knows that he is not holding a money lending license.

Contact me through Vidhikarya for further guidance.

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Ambrose Leo

Responded 5 years ago

A.You have not provided the details, as Each State has diferent laws to protect the barrowers from the cruches of money lenders.

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Rajender Prasad

Responded 5 years ago

A.solve your problem through advocate.In this connection contact vidhikarya.com

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Kishan Dutt Kalaskar

Responded 5 years ago

View All Answers

A.Dear Sir,
Nothing will happen. Be courageous.

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Manjula Shanmugasundaram

Responded 5 years ago

A.Informing CIBIL is his right. But his other pressure tactics are illegal. You can get injunction and you can also get time for repaying your debt with interest.

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Anonymous

Replied 5 years ago

He is not ready to giv time and saying he will bounce the cheques and we will be forced to pay within 15days

Manjula Shanmugasundaram

Replied 5 years ago

Regarding the cheques, you have to first issue a legal notice to him stating the true facts of the case. If he still files the cheque bounce case, you have to defend it as a normal cheque bounce case only. As for injunction against harassment, and time are concerned, you have to file a civil suit. Or, if he is actually threatening you with physical harm or violence etc., you can even give a complaint before the police station.

Anonymous

Replied 5 years ago

How does a normal cheque bounce case work if I have given the cheque? I only get 15 days time is it , is it a non billable offence? Amount is 28 L. We do not have so much money and the people are not returning as well. The guy who lended us is not ready to wait

Rameshwar Dadhe

Responded 5 years ago

A.By advocate Rameshwor dadhe dear sir if you have legal evidence then you should file complaint against them

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