Radha Krishna (House wife) 24 March 2015
My father had taken hand loan of Rs. 2,50,000/- from his friend in 2007, signed in white paper in revenue stamp and repaid cash Around 2,25,000/- lacs. And my father died in the year 2008.
Now after 7 years he is claiming total amount from us (son), honestly we are ready to pay the balance amount but he is not listening.
What are the legal options to him and us
Thanking you
SAINATH DEVALLA (LEGAL CONSULTANT) 24 March 2015
Hand loan and acknowledged on a white paper with revenue stamp. Not a valid document. Confirm whether UR father has given him any cheque towards suriety. Otherwise with that paper U have no obligation.
slakshmanrao (accounts officer) 15 November 2015
Alternative option : Contact the relevant person and explore the possibility of repaying the balance in instalments.Other option is approach a good lawer and make a request for initiating a General Power of Attorney towards the issue represented by the balance...Regards...
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