1) does the agreement mention that on loan being repaid car would be returned to you

2) it is necessary to peruse agreement signed by you to advice

3) if you have repaid money with agreed rate of interest car should be returned to you

4) in addition if car has been hypotheticated to bank you cannot sell the car without bank consent

5) let the financier file case against you . in your defence you take the plea that you had repaid loan with interest

You are in trouble. The mistake you have committed is by returning the money to him but nt to his a/c.

If the money is returned to him to a/c of any of his near relatives life brother/wife etc, then it is ok.

Anyway lodge a complaint with local police asap about this blackmailing. You should first take legal action before he starts harassing you.

1. You performed an illegal transaction by selling a hypothecated vehicle.

2. The agreement between you and financier reduced to writing can be enforced by him against you if he can prove that on the date of agreement he was unaware of the fact that the vehicle in question was hypothecated.

Hi, when you hypotheticated the vehicle to the Bank then Bank is the absolute owner of the vehicle.

2, You have no right to sell the Vehicle unless you have clear the all the dues from the bank,

3. So don't pay the EMI then bank will take the possession of the Vehicle and Financier can't do anything.

1) it is necessary to peruse document signed by you to advice

2) if you have repaid the loan you have nothing to fear

3) if you stop paying bank EMI bank will take possession of the vehicle

4) the document signed by you and duly notarised is binding upon you

5) if you had his address you could have contacted a local lawyer and disused legal notice to the financier to return car as loan has been repaid

First thing you have to do is to contact the bank wherein the vehicle has been hypothecated, collect the details as also the details of the financier who is cheating you. You should gather all the evidences of the repayment of loan, lodge a criminal complaint against the cheating financier in the police station, you should give the details of money transferred to somebody's account on his instructions, collect the details of the said account holder, implead him also as a party to the complaint, this is how you can find a solution to the problem or else he will keep dodging and you will be left clueless.

He said that the car is a surety for his money at the beginning and forced me to sign on the notary. Now he is blackmailing and saying that he will file case as I sold the car to him and not giving the NOC. Can I approach bank officials? Can he file a case by depending on Notary that I have signed? Is it valid document? I don't know his address. Now he is not answering my phone calls.

You should allow him to file a case as per the papers in his hand, let us see on what grounds is he going to file the case.

You approach the bank and get the HP details and confirm the sale.

The notarised document is to be seen for making any comment on it. If it is a loan agreement, then you can challenge it in the court about its legal validity.

even if you dont know his address, with his phone number, you can obtain his address through the service provider, you may lodge a criminal complaint with the police who will be able to trace his address on the basis of his telephone number.

without knowing his address you should not hand over the vehicle to him.

it is not possible to him also to give you the money without knowing you.

you have the copy of notary or not? if yes then in the notary paper there should be the address of him.

he may file a case against you before the court, apart from this if there is any dues of bank then bank can also be file a criminal case against your for selling the hypothicated vehicle without the NOC of bank.

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