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Hi, we are a family of 03 brothers and my mother is Railway family pensioner, my elder brother without informing any family members, he took loan of Rs. 3 lacs from individual financer, by submitting cheq books and atm card. Now my brother is absconding, they are asking us to pay the amount or else they will write letter to bank for settlement of loan. Pls help what to do?
Sir, if the loan recovery agent or person is harassing you, then you ought to file a complaint at the police station as your initial course of action. You can then go to the civil court and follow legal methods to obtain relief if the police do not offer assistance or do not want to register the complaint. For further legal assistance contact us on our helpline number.