Blank stamp paper

he cannot occupy the flat or own it , but yes if he is crook and cruel he can make your flat mortigaged with himself.

You said you are accaountant with long experince how come you made mistake to let a blank stamp paper as well as promissory note with him . Just repay the loan and emand the documents it is not so late yet, be careful 

Dear Sir,

Thanks for your prompt response.

As i was in need of money in urgent basis, i signed in that blank stamp paper.

but no one knows that the flat owned by me and i told to everyone it was a flat which I was in lease agreement basis.

As i do not have enough money i was unable to repay this loan and moreover MD told based on my gratuity and epf amount 

he gave this staff loan. (through company cheque) and not his personal cheque.

monthly i am deducting loan amount out of my salary and then only transferring the same.

any inputs please.

Just after repaying your loan , asubmit an application for return of  the stamp paer and promissory note , as after repayment you have the right to receive the documents back. Make sure you haste to re- pay the loan amount and demand the documents. 

YOUR MD IS AGAINST THE LABOUR LAW PLEASE IMMIDIATELY CONTACT ADVOCATE

Dear Client,

Dont worry your MD will going to do nothing.

But yes after repaying all loan ask him to return that stamp paper.

Please Click the Like Button.

Regards,

Adv. Manali Bhalerao

8552800095

Thanks for your prompt reply sir. sure i will ask him to return the signed paper after repayment of my loan.

Better to get back the stamp paper which you signed without any subject is advisable 

I can sense that you are quite worried about the Blank stamp paper. Your first priority must be to get it back.

I have below suggestions:

1. Take a Personal Loan which you can repay from Salary.

2. If you have Bank FDs, you can take Loan against FD for which you may pay a marginal 1% Interest difference (SBI)

3. Take Loan from Friends/Families to return Staff loan

While you evaluate your options, Please write a letter and email to your Company HR Head and MD stating the correct facts that you took a Staff Loan and for the same you were asked to sign a Blank Stamp paper and 2 Promissary Notes of Rs 1L each. State that the Stamp paper must be used only to recover the Unpaid Loan and for no other purpose. Also write that your signed Stamp paper will cease to exist the moment Loan is paid in full and from that moment onwards, you will not be liable for anything written on the said Stamp paper. Also state that when each Rs 1L is repaid, one promissory note must be marked as 'Paid in Full" and must be returned to you. Thus, Post repayment of 2L, both PNs will be with you. 

Once you think on above lines and act, you will be able to cover your Blank SP issue.   

Dr Sanjay Sinvhal

99696 26127