Extorgation

nancy mangal (Querist) 25 May 2013 This query is : Resolved
Our shop is going to auction through court in order to pay my Father’s debts who expired.but the person who is going to recover the amount is money lender without a licence. He Recovers this amount even with high interest i.e 27% annually as compromised deed sign by my father .We do n’t have knowledge before that Acc. to Punjab Registration Money Lender Act 1938 or RBI act a Money Lender or any other person can’t recover amount through court unless they registered even Money Lender can’t charge more interest.Can there is any way in order to protect our shop .Plz help us we are in great trouble as that person is also responsible for my father death as my father died of brain hamarage.He sent my innocent father in jail in matter of bounce cheque for 1& ½ year on one side& on other side. He claim his amount.even on that time also we are ready to pay the amount of his cheques even with high interest i.e 27% annually by selling our shop in order to save my father life.But that person harass & blackmail us & demanded money 3-4 times of amount of cheque which we can’t able to pay even by selling shop .Now that man takes our father from us & now is going to take our shop.We never get justice from any side.we lost everything. i.e 27% annually even that man also harass & blackmail many people of our area legally .Plz help us as early as possible legally.

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