What can I do if someone took bike on my name but now he is not ready to pay the EMI?

My bike is financed on my name. I GAVE FIVE EMIS AND THEN THE OTHER PERSON TOOK THE BIKE FROM ME. HE TOLD TO PAY MONTHLY EMIS ON TIME , BUT HE IS DELAYING THE EMIS. DUE TO WHICH MY CIBIL SCORE IS GETTING AFFECTED, ALSO BANK HAS ISSUED A NOTICE. OVERDUE CHARGED ARE ALSO LAID DOWN BY BANK. THE OTHER PERSON IS EVEN NOT RESPONDING PROPERLY, NEITHER HE IS SURRENDING THE bike.

1 Answer
Only verified advocates can give an answer Sign In
Admin
Advocate By LEAD INDIA Answered: 11 Oct 2023

Try to contact the person again and try to persuade them to pay the EMIs or return the bike. If they are not responding or are not cooperating, you may need to take further action.File a police complaint against the person. This will create a record of the incident and may help you to get the bike back. Contact us for further enquiry.

24x7 Help

If we fall short of your expectation in any way, let us know

Payment Trust

All refunds come with no questions asked guarantee

Talk to Lawyer

Talk Now