I am Running a Mobile Showroom in chennai due to my Business Expansion i borrow amount from Private Financiers in very high Intrest . Past 30 Days i was hospitialised , Now the Financiers are giving so much Pruser to settle the Amount . Now i have debts Near 85 Lakhs. I can repay the Amount in durations but they are not allowing me even to think. They have Blank Cheques ,Empty Pronotes.
Eg. if a Financier Giving me 10L they take 2 L as intrest Weekly I repay them 2L for 5 Weeks.
They are theatning me they will bounce my cheque in diffrent place with diffrent names and take Legal Acttions. I am not saying i can't pay i ask 4 to 6 Months time to repay the amount.
Kindly Advise me what i have to do Next.