My relative deposited his wife's property title deeds and borrowed money from a bank. Since he failed to repay the debt, the bank decided to auction the propery. When my relative beg for my help, I payed his debt to bank and I received the title deeds. The borrower also wrote promissory notes for that amount. The borrower himself don't have any assets on his name. Now, borrower is refusing to pay any interest and pricipal amount.
1. Can I file money recovery suit based on equitable mortgage?
2. Is there any other options (like going to police station)?
