Patpedhi loan issue


DEAR SIR,
I M RAHUL SHAH. BIRTH YEAR IS 1977. IN THE YEAR 1997, ONE OF MY FRIEND HAD TAKEN LOAN OF 15000/- FOR BUSINESS PURPOSE FROM A PATPEDHI. HE TOLD ME TO SIGN AS WITNESS ALONG WITH ANOTHER PERSON WHO WAS A WELL NOW IN THE AREA. I HAD SIGNED THE IT AS THE OTHER PERSON SIGNING WAS A STRONG PERSON. AFTER 2 YEARS MY FRIEND HAD SUDDENLY CLOSED HIS SHOP AND RAN AWAY. NO ONE KNEW WHERE. IN FEB 1999. THAT PATPEDHI SEND ME A LETTER STATING MY FRIEND HAD NOT PAID EVEN THREE INSTALMENTS AND AS A SURITY WE HAVE TO PAY IS LOAN AND INTEREST. THEY SCARED US THAT THEY SELL OUR HOUSE AND ALL THOSE STUFFS. I WAS ONLY 19 YEAR AND WAS IN COLLEGE, WHEN I HAD SIGNED NOT KNOWING I WAS SURITY AND WHAT ARE THE CONCEQUENCES. STILL THEY THREATEN ME TO PAY AND SOME HOW I MANAGED TO PAY 50% OF THE OUTSTANDING TILL YEAR 2000. THEY DID NOT HAD THE COURAGE TO ASK FOR THE REST OF THE 50% FROM THE OTHER SURITY AS HE WAS THE BROTHER OF CORPORATER OF THE AREA. AFTER THAT IN THE YEAR 2005, I GOT A GOOD JOB AND WAS ABLE TO FIND A NEW HOME IN TOWN. THEY DID NOT BOTHER ME TO FROM THE YEAR 2001 TO 2006. BUT NOW SUDDENLY THEY ARE LOOKING FOR ME AND ASKING TO PAY BACK THE BALANCE AMOUNT. THE SECOND SURITY IS STILL IN THE SAME AREA. BUT THEY ARE NOT ASKING HIM TO PAY. I CAME TO KNOW FROM THE PERSON WHOM I HAD SOLD THE OLD HOUSE THAT THEY ARE LOOKING FOR ME. AFTER 18 YEAR HOW CAN THEY ASK ME TO REPAY. KNOW WHAT AM I SUPPOSE TO DO. PLS ADVICE

RAHUL SHAH

 
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Advocate

You are being harassed as the limitation period is over. You can complain to Police if they continue.

 
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