• Property on pledge for money given on interest

Dear Sir/Madam,

I am from Rohtak, Haryana. I have given certain sum of money in cash to my known person at interest rate of 2% per month. From last 6 months he is unable to pay interest and principal.

Now for the security of money he is ready to give his house as pledge (girvi) for the period of 6 months. If within six months he is not able to return me the principle and interest the property will be transferred to me.

But one more thing to note is that, he is not having the registry of that house. He is having POA with him.

Please help me to move in this regard and safeguard the amount.
Asked 2 years ago in Property Law from Rohtak, Haryana

Ask a Lawyer

Get legal answers from top-rated lawyers in 1 hour. It's quick, easy, and anonymous!
Ask a Lawyer

Property Lawyers

Ajay Sethi
Advocate, Mumbai
21810 Answers
1136 Consultations
5.0 on 5.0
T Kalaiselvan
Advocate, Vellore
12723 Answers
120 Consultations
5.0 on 5.0
Ashish Davessar
Advocate, Jaipur
17477 Answers
426 Consultations
5.0 on 5.0
Krishna Kishore Ganguly
Advocate, Kolkata
11354 Answers
208 Consultations
5.0 on 5.0
Devajyoti Barman
Advocate, Kolkata
4612 Answers
48 Consultations
4.9 on 5.0
Rajgopalan Sripathi
Advocate, Hyderabad
824 Answers
36 Consultations
5.0 on 5.0
Shivendra Pratap Singh
Advocate, Lucknow
2635 Answers
38 Consultations
4.9 on 5.0
Ajay N S
Advocate, Ernakulam
1849 Answers
18 Consultations
5.0 on 5.0
S J Mathew
Advocate, Mumbai
1933 Answers
61 Consultations
5.0 on 5.0
Thresiamma G. Mathew
Advocate, Mumbai
1285 Answers
82 Consultations
5.0 on 5.0