Money Cheating case
Tejpal
(Querist) 14 May 2016
This query is : Resolved
Dear sir,
I take this opportunity to introduce myself I am Tejpal CS working in Kochi. During the year 2010-11 I have paid 1.30 lakh for interest. And initially I was paying to me and after some time he stopped paying me. And started asking my money but he use to today tomorrow like that. No
Tejpal
(Querist) 14 May 2016
Now a days he is not receiving my call.
He located in Bidar, Karnataka and I am not getting time to go der. Fortunately, I am having written bond paper with me.
Hence, I kindly request you to please guide me.
Thank you very much.
With regards
Tejpal
Tejpal
(Querist) 14 May 2016
Now a days he is not receiving my call.
He located in Bidar, Karnataka and I am not getting time to go der. Fortunately, I am having written bond paper with me.
Hence, I kindly request you to please guide me.
Thank you very much.
With regards
Tejpal
Sudhir Kumar, Advocate
(Expert) 15 May 2016
Money given to friends and relatives is always a charity in the garb of loan which is given in expectation of refund but always taken with intention of non-refund.
Such loan is taken by a person:-
(i) Who lacks business sence and cannot raise funds out of his own business and suddenly wants to be rich.
(ii) who cannot raise bank loan because :-
Either
he himself is not creditworthy
Or
the purpose for which he seeks loan is illegal
or
the purpose for which he seeks loan is not at all commercially viable.
(iii) Who knows he can afford not to refund.
(iv) Who trusts his thick skin
(v) Who intends not to refund
(vi) Who has made fortification against action of refund.
So he has to find someone who can part with his money. SO he finds a lender near him (fiend or relative)
Such loans are given by the persons :-
(i) Who has surplus money.
(ii) Who displays and boasts of such surplus money.
(iii) Who stupidly believe that there will be a refund.
(iv) Fails to realise as to why he alone (not bank) is being contacted for loan.
(v) Who has extreme trust on the debor
(vi) who are either stupid or extremely greedy of the unusual (or illegal) rate of interest.
Such loans are always given
(i) Without documentation.
(ii) Without witness
(iii) Without guarantor.
Business started by such money (easy money belonging to other) invariably fails.
Such loans always sink and not refunded.
P. Venu
(Expert) 15 May 2016
Are you a registered money lender?
Rajendra K Goyal
(Expert) 15 May 2016
The loan seem to be time barred, get all documents check by local lawyer.
