Legal Question in Credit and Debt Law in India

hi sir,

iam using axis bank personal loan 750000. i lost my job in 2011. iam taken personal loan 750000. at that time and taken 400000 money to my relations. iam doing business with that money. all my business are in loss present situation.i suffer some health problems also. my relation members and banks are torchering me to pay the money. current situatin i have no money. sir plzzz tell me how can i do solve the problem


Asked on 12/25/15, 8:04 pm

1 Answer from Attorneys
Fca Prashant Chavan Expert Edge LLP

26.12.2015

Dear Sir / Madam,

Since you have borrowed the monies, you remain solely responsible to repay and settle all your outstanding dues. Never lose hope and give up ... try something different ... try something new ... do acting ... do modelling .... play a musical instrument in a band or orchestra .... money will start coming to you easily and quickly .. and thereafter straightaway start repaying monies to people who have lent money to you and to the Bank.

Regards,

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Answered on 12/26/15, 12:23 am


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