What legal actions can be taken against any person who is not returning the lent money?
I was in financial crisis and I was working as real estate agent. I opened a company account on the same builder name and who took money from one client promising to give flat. Amount is 13 lakh to solve my financial issue. My plan is to return it but I failed. Now this person will come to know very soon and will meet with builder. I want to ask how can I get time for repay with interest? but I m sure he wont be agreed. Builder and himself both will file case against me. How should get time to return the money? What are the IPC section can be filed against me?
If you are able to repay the money with interest, it is likely that the builder and the client will not file a case against you. However, if you are unable to repay the money, they may still file a case against you.In order to get time to repay the money, you can try to negotiate with the builder and the client. It is important to be honest with the builder and the client and to explain your situation to them. If you are able to convince them that you are sincere and that you are willing to repay the money, they may be willing to give you some time. Contact us for further enquiry.
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