Forum Replies Created
-
Posts
-
PGo to your local police station and report. If they dont take it seriously escalate to commissioner level in writing..next step go to court and plead for restraining order using an advocate.PTry proving that in Court. P2P in the minds of courts and police is unknown commodity. Best of luckPNothing i know of. When the time comes the police will take the money by giving instruction to the bank and also release the lien. Otherwise you will waste time chasing them..unless off course you dont have other important priorities. Just write to police and offer to pay the victim ₹5000 and leave it like that.IO will call you . Put it on email to IO along with other things which you said about your txns..and stay OFF P2PPHi exbanker and lawyer here. How much is the lien amount.if the amount is small..dont bother..open a new account and let this lien marking lie as it is and move on woth your life.. If you want to hire a lawyer it will cost you atleast ₹25000 for all activities upto release order from court. So you have to figure out the cost economics.PRather he will be doing a good deed by reporting them to child helpline or police and earn genuine karma in societyPWhy are you delaying the EMI?. Surely you were aware that loan availed has to be returned on time.PIf you are planning to go global dont use it
. It will lead to spending good money on costly law suits and settlements. Moreover you will expend in dollars while earnings initially may not be much.PFirstly You need to identify which companies are behind the apps..are these Indian private companies or Chinese ?. Then use a lawyer to send a legal notice to your friend and then if necessary go to police and ask lawyer to approach civil court for injunction against these loan apps/companies.PYou as children are not liable legally- so adopt a firm stance right from the beginning… Personal loans need to be cleared only by the person availing.If there is no scope for paying out any further, meet a lawyer and ask your parents to apply for personal insolvency under the Provincial Insolvency Act 1920. Your parents will have to list out all the debts to court and then court will send out notices to these people and after hearing them come to a conclusion. This can take time – but in the interim court may stay any recovery action against your parents.
As regards you – as suggested above- simply say a firm NOT LIABLE for acts of your parents or you can adopt a “Payable when Able” attitude, but no commitment in writing to be given !
