I've taken money from money lender upto 20Lakhs by providing a pro-note on a twenty rupees stamp. I've already paid him an amount of rs. 4Lakh as interest until now. For the past 3 months i'm unable to pay the interest due to my bad situation and health condition and unable to go to job. I'm a widow and currently employed in central government earning 25,000/- per month. I've told the money lender that i'll repay the principal money by keeping jewels however the money lender is threatening that if i don't pay in a month time, he will put 420 case against me and threatening that he will our house go in auction without our knowledge and false cases on me and my sons. My sons are currently studing.. I don't want to cheat the money lender, i want to repay the money but i need time.. however the money lender had sent me a legal notice. I've recorded his voice when he threatened me.. Since i'm alone at home, i've been harassed and so depressed.. and unable to go to job..
Please let me know how to proceed.. As i already said i don't want to cheat the money lender... what should i need to do to get time legally as well to pay the money back.. Since i don't have any additional source of income i'm ok to pay the principal amount on monthly basis as well.. Please let me know, awaiting for your help.