• Money interest

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
Asked 3 years ago in Business Law from Hyderabad, Andhra Pradesh
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
Ajay Sethi
Advocate, Mumbai
26071 Answers
1418 Consultations
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does the creditor have money lending license ? your father has acknowledged his liability to pay the loan amount
Ajay Sethi
Advocate, Mumbai
26071 Answers
1418 Consultations
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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
Ajay Sethi
Advocate, Mumbai
26071 Answers
1418 Consultations
5.0 on 5.0
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.
Ashish Davessar
Advocate, Jaipur
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484 Consultations
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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.
Ashish Davessar
Advocate, Jaipur
19114 Answers
484 Consultations
5.0 on 5.0
Consult a lawyer and show him the document signed by him to ascertain what are the rights and liabilities of your father.
Ashish Davessar
Advocate, Jaipur
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484 Consultations
5.0 on 5.0
agree with experts
Nadeem Qureshi
Advocate, New Delhi
3721 Answers
140 Consultations
4.9 on 5.0

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