Legal Question in Credit and Debt Law in India
Sir, my dad has taken loan from some finance company 1 yr back. But unfortunately after e EMIs paid, he stopped paying it completely due to business loss. Now after 1 year, the finanace company started deducting the minimum amount from the Surity person(who gave surity to my dad when taking loan). So this surity fellow put 420 case on my entire family members including my husband. Is this correct filing against on whole family? We dont even know whos is that surity fellow is? Dies it effect our jobs also? Will this impact my husband carrer? Bdw..the loan amount is 4 lak only. pls help us
1 Answer from Attorneys
What ever you have stated herein above ,the surety cannot file any complaint against anyone . There has to be something more for the surety to go to this level . Can you scan the complaint and the role assigned to you and to your husband in the complaint.
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