Legal Question in Credit and Debt Law in India

dear sir, couple of months back i took 100000 from a land-lord on 15% interest p/m basis. He made a notary with me forcing me to sign which said i took abt 3 lacs.As i urgentrly required the amount for personal purpose i signed the notary agreement. He didnt showed me the true copy and i blindly too signed underneath trusting their word. Later when i recieved a xerox copy i was shocked to find in it saying i have mortgaged my ford fiesta (Which i dont even possess) . I immediately approached him saying to break all agreements and was ready to pay him his 1 lac plus his current month's interest, which he declined and asked for 3 lacs saying he would drag me to court. I know i am now completly gutted as i had also previously given him 2 blank chqs at the time of agreement.

I am ready to pay his sanctioned amount plus this motths interest too thats upto 1.15 lacs. Please advise whats the option thats left with me..


Asked on 8/29/09, 1:18 am

4 Answers from Attorneys

File an FIR against that person mentioning all the details.

[email protected]

Read more
Answered on 8/29/09, 2:50 am
Prof.Somnath Mukherjee s.mukherjee associates,09874053359

At first you send an advocate notice by stating all the things and you inform this matter to the police.Then you may file a declaration for nullity suit against the land lord or you take criminal action against him.

Read more
Answered on 8/29/09, 12:26 pm
RAJIV GUPTA (Cell: +91 9811284735) [email protected]

as you have been cheated by him, you may file a complaint before the magistrate and elaborate all the true facts in your complaint that he forged the documents. this may be your defence.

Read more
Answered on 8/29/09, 1:05 pm
Seshadri Srinivasan www.lawconcern.com

You can file for declaration that the said document is null and void.

Read more
Answered on 11/02/09, 2:49 am


Related Questions & Answers

More Credit, Debt and Collections Law questions and answers in India