prajkata (SDE) 02 January 2014
Hello,
My father took a personal loan from a patsanstha in 2001 and then he could not repay it. Now he is not able to work due to health reason. We are two sisters taking care of parents expenses. Suddenly this patsanstha people in 2014 yesterday are started a sking money with interest after 12-13 years. Am I (daughter) supposed to pay the sum to them? Principle was 25000 and total sum with interest is 2.75 lakhs. What action can they take if we deny to pay the amount?
Kumar Doab (FIN) 02 January 2014
Do not know what is this “Patpedhi”.
However if there is no acknowledgment of loan in 12-13 years signed by the borrower the person loan may be time barred.
Personal Loan is an unsecured loan and your father may not have given any security or collateral.......................
You may show all of the documents signed by your father till date and all communications received by your father from “Patpedhi”to a local lawyer handling such loan cases.
The lawyer that has seen all of the docs and has analyzed it can advice you the best.
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