hello Sir/ madam
whomeever can tell me the solution???
My mother in law is in need of money. Through my friend we have approached one person(SR). this person is known to my friend (SK) - I am mentioning shortcuts.
Mr. SR agreed to give the required amount i.e 200000 for an interest of Rs. 50 (which is very high and its out of imagination). As a need my mother-in-law agreed to take. Me and My friend (SK) put a sign on a plain Judicial bond paper of rs100. (as a surity). also one or two cheques (my mother in law's). But one thing the signature I have made (particularly me) is not my sign. I have put in some other form. Not my original sign( as per records). My sign is different in pan and bank from this bond paper. WILL THIS BE VALID IF HE PUTS A CASE??
As the agreed interest rate is only through words and not in written in the above mentioned bond paper. My mother in law have given 1 or 2 months interest. That person (SR) is torturing us for interest.
Is there any solution to file a case against him to extent the period and not torturing my mother in law??
She will pay definately as per agreed interest. the person (SR) is unable to wait until given the amount. The interest reate very high according to eh market. i have heard that this kind of interest rate is not there anywhere.
PLEASE HELP ME WHAT SHOULD WE DO ??
