Payment failure

kunhi marakkar (Querist) 12 November 2022 This query is : Resolved
In the year 2019, I had to pay 15 lakh rupees to a person as per an agreement that I can pay 6000 rupees per month in 20 years and for that I will give 30% of my property as security and I will return the security once the entire amount is paid. But due to the crisis during Corona, I have not been able to pay the monthly amount of 6000 rupees for the last two years. So if this party files a civil case on my behalf now, will my property be confiscated? Can they claim only 30% as per agreement? The value of the property is now less compared to the price of the property and the number to pay. So will they be able to attach my remaining 70% through the court? Can I get a stay from the court for not being able to return due to the corona crisis? How best to deal with this case?

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Facing difficulties making monthly payments due to the recent crisis, a user is concerned about their property being confiscated. They agreed to pay 15 lakh rupees over 20 years, offering 30% of their property as security. The user wants to know if their property can be seized, if only the agreed 30% can be claimed, and if the remaining 70% can be attached by the court. They are also seeking advice on obtaining a court stay due to the circumstances and how best to handle a potential civil case.

kavksatyanarayana (Expert) 12 November 2022
The query is "if", but not a problem. State full facts if any.

Dr J C Vashista (Expert) 13 November 2022
Whether any case has been filed for recovery of amount or it is your presumption ??

kunhi marakkar (Querist) 13 November 2022
No case filed yet.if it happen, what should I do?I had to protect rest of 70%property

Dr J C Vashista (Expert) 13 November 2022
You are required to defend your case through a local prudent lawyer, "if" a case is filed against you.

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