Want to free from the problem in least time
I'm govt employee.Sir I had given surity to my friend for amount of 10 lakh a from the chit finance. He paid for 15 months then I given surity for with drawing the auction amount of nearly 7 lakhs. I felt he might pay back intime.. I given my salary certificates, residential proof, Id xerox. Later on I shifted my residential address.
Suddenly I recived court orders for attachment of salary for the amount of 3.6 lakhs.. One third of my salary is deducting from this month.
Now the borrower is giving me the assurance that he will clear the problem by going to the court and want to proceed for stay. I feel he is lying. I'm asking him to give the assurance on paper. He ready to give on bond paper and blank cheques for post date of one month.
Here I need your advice is it I'm proceeding in right path for get out of problem. There is option where my friends suggesting that take some local people help for recovery of money by pressuring in man handling way. I'm scared for that because it may turn me to other problems. The borrower is typical candidate with lot of bad background.
If your advice to writing on bond paper and blank cheques just brief me what kind of terms and conditions shall I put on paper.. Im taking local lawyer help and also want expertise suggestion from your side for better way of solving the problem. The borrower is a opthomologist having enough money but don't want to give type.
Please help
Asked 8 years ago in Civil Law