• 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

T Kalaiselvan
Advocate, Vellore
15326 Answers
140 Consultations
5.0 on 5.0
Ajay Sethi
Advocate, Mumbai
24806 Answers
1331 Consultations
5.0 on 5.0
Ashish Davessar
Advocate, Jaipur
18862 Answers
472 Consultations
5.0 on 5.0
Krishna Kishore Ganguly
Advocate, Kolkata
12723 Answers
262 Consultations
5.0 on 5.0
Devajyoti Barman
Advocate, Kolkata
5879 Answers
63 Consultations
4.9 on 5.0
Shivendra Pratap Singh
Advocate, Lucknow
2895 Answers
44 Consultations
4.9 on 5.0
Atulay Nehra
Advocate, Noida
526 Answers
18 Consultations
4.7 on 5.0
Rajgopalan Sripathi
Advocate, Hyderabad
916 Answers
55 Consultations
5.0 on 5.0
Ajay N S
Advocate, Ernakulam
1955 Answers
19 Consultations
5.0 on 5.0
Thresiamma G. Mathew
Advocate, Mumbai
1323 Answers
89 Consultations
5.0 on 5.0