Hello

Brother please do not worry much about the situation and at the very outset go and consult the situation with the elderly members of your family and they will tell you the best possible way, in such time of crisis family is the best place you can go to.

Secondly coming to the legal aspect of the same I would suggest you to intimate the police about the same as nothing wrong has been done by you and it is the loss in the business that has accrued, you had made no promise in the case and it was this middle person who created all the nuisance. And also if you go to police inform them that you came to know about this situation only when you started getting threatening calls from the people.

Regards

Did you take money by cash or cheque ?

Did you enter into agreement mentioning rate of interest to be paid by you ?

Have you given any post dated cheques?

Have you acknowledged your liability to pay x amount in writing?

That is ok you please tell the sutuation to the elderly member of your family and then discuss how to go about it, law will obviously come to your rescue if you are being threatened.

Regards

Deny your liability to pay interest

2) it would be difficult for your creditors to prove that you agreed to pay x amount as interest

3) don't give any acknowledgement in writing

Dear Concerned,

In reference to you matter we would suggest you to get in touch with us as we have operational contacts in Roorkee to help you legally and otherwise. Please feel free to contact us.

Best of Luck

1. you should file a FIR against them

2. if no agreement was made then they cannot claim such high interest. only those person can claim interest who has money lending licence. other person can claim interest u/s 34 cpc and maximum interest is 6% simple interest per annum.

3. you should file a petition before the high court and seek protection order, then court can order the in-charge of nearest police station to take daily update.

Until you dont get any legal notice or not confronted with any legal action, you remain silent about the issue.

Actually, you know it better that the result of such investment will end up this way, hence you should have kept some records of payments received and payments made, in the absence of any such record you may have to face such troubles.

However if the problem is not solvable and the other person is putting pressures on you by posing different threats, you may lodge a complaint agaisnt him through police and seek relief and protection.

If there is no loan agreement or any other agreement then you may ask him to go legally on this, other wise you can lodge a criminal complaint agaisnt him with the police.