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UNever ever do the same mistake I did. Atleast help them in a way which you are ready to lose but definitely not like me.UI think it’s true. He recently sold two properties in a hurry for less than the market price to repay loan sharks. Also, I found out that his father was approaching people for loans using his personal guarantee. As far as I know, he lied to some by offering a namesake guarantee on properties that are already hypothecated to banks or have existing loans on them.UYes, I confessed about this to her, and she remained silent for a while. But in the end, she told me to let it go, saying i already did the mistake and it’s too late and asked me to try to get partially recover it. But, i couldn’t stop thinking about this whole thing. I’ll threaten him with legal action if not I’ll proceed through it.UOmg. Since it’s a interest free loan how to calculate the time limit? Is it from the day I loaned him? Also do I need to tell about this to my wife if I want to proceed legally?because,I dont have proof of earnings for whole amount. She don’t know about this yet, I want the clear this without involving her.UU might be right. I too feels like I cheated out of her hard earned money. It was really depressing for me aswell. I don’t want her to know about this, don’t want to disappoint her, that’s why I’m in a hurry to get something back.UThanks, but I don’t have any documents signed. Apart from bank transfer receipts, will those work as some proof if he denies completely? I’m willing to lose the amount I gave through cash . tbh 9 lakh is enough for me right now.
