Legal Question in Business Law in India

i purchased second tractor,the owner & me fixed rate as Rs.4,35,000 the owner has told that tractor is in bank loan(Rs. 2,35,000). So i told i will continue the loan amount then he told after completing loan amount document will be provided. I accepted & owner had made sign in bond paper . Now the problem is that i had paid around Rs.1,85,000 and have to pay Rs.50,000.Now owner is saying that i have to pay 1,50,000 which is intrest for Rs.2,35,000. I have the chalans which i paid bank. Now what action can i take against him please help to solve my problem...


Asked on 1/16/13, 10:48 pm

1 Answer from Attorneys
Fca Prashant Chavan Expert Edge LLP

17.01.2013

Dear Sir / Madam, (Anekal Tehsil, Bengaluru)

The owner is openly cheating you and he / she deserves to be first handed over to the Police. Please settle the remaining outstanding balance Rs. 50,000/- as per your agreement and continue to use the tractor, as legally it becomes yours thereafter. Question the owner in front of the Anekal Police thus - "How come you did not make any mention of the Rs. 1,50,000/- additional interest as payable by me to you over and above the agreed total sum of Rs. 4,35,000/- in the signed bond paper ?". I wish the concerned Anekal Police official on duty hearing the matter straightaway there and there spontaneously slaps the owner across his face seeing the owner fumble whilst answering your question, just to teach the owner a very good lesson.

The owner is itching for trouble and you should keep him / her in place.

Please keep me posted of further developments at [email protected]

Regards,

FCA Prashant Chavan

Mumbai

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Answered on 1/17/13, 2:22 am


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