Hi,
Humble request for suggestions.
My father has taken a loan from a private financer for a higher interest rates for business purpose.
There were couple of transactions between my father and the private financer as it was common in business and as surety he had to give blank cheque’s.
He had to give my brother’s cheque’s (he currently stays abroad) in one of the transaction as he was falling short of Cheque’s.
Unfortunately my father had huge losses and even fell sick due to heart attack and couldn’t continue with business any more.
As we are liable to the financer, my brother has taken the responsibility and paid 70%(principal + interest) and rest 30% (interest) still due but the financer didn’t return the cheque’s and didn’t give any kind of receipt.
My brother is coming back to India for his marriage to stay here for couple of months.
Now the finance is threatening us of filing a case against my brother with his cheque’s
How do we defend ourselves ??????????
