Ask an expert! Legal, accounting and compliance advice from qualified professionals.

Share Details


Your Question has been submitted.

The Counsel team is processing your question and connecting to the best suited professional from the community to have it answered. We’ll get back with an answer shortly.

Hi Sir/ Mam, I was in a financial crisis and had borrowed money from friends, and they lent me INR 1,05,000 and they charged me 10% interest per month. I paid interest for 7 months. And then I paid them 60,000 and said I won't be able to pay them any money either as interest or principal at I am feeling have already paid them totally 1,30,000. Things thereafter got fussy.

If your friends are doing a business of lending without registration then you can file a case against them. However, if it is just a one-off case then your case will not stand. However, if they are coming to your home and threatening you, you can file a criminal intimidation case against your friends in your local police station and if they repeat the...

View answer

Looking to hire a professional from our handpicked community?

Explore our services, submit your request and let us do the rest for you.

Get started