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ADo you know what eloped means?
It literally means to run away secretly for the purposes of marriages.
In this specific post too you are confirming that you either got married or agreed to get married after running away.
AAs a someone who is running a business and has seen both sides of being a creditor and debtor, this is my sincere advice.Your dad made an investment with your friend and by its very nature the investment was an unsecured debt with a promise of returns. For a certain period of time you guys received interests and assuming that the business itself was not a pyramid scheme or chit fund type of business, the promoter was able to perform as per his promises.
However due to some factors, change in market forces, bad decisions or anything in between, the business is now in trouble. This is where unsecured debtors make a mistake of threatening or arm twisting.
You have a few options now:
1. File claims in appropriate courts. This will take a lot of time and effort on both sides. And you will not recover appropriate amounts as a result of this.
2. Talk to the business owner and understand the situation. If there are sincere efforts to recover the money, give it time. You’re anyway going to spend time in courts, might as well do it mutually. Of course, get everything in writing with timelines. Then if everythings fails, you can go to courts.
