Dear Expert,
Please advise on the below mentioned,
I am explaining the complete happening please advise.
I had a money lending business with a license under MP sahukari adhiniyam.
I was circulating my own money and money borrowed from some of my friends and known ones on interest, where in which i was paying interest to them as well.
Now the problem started when my money got stuck and i went into a very bad financial
Crunch.
I sold my house and paid the amount to the people whom i had taken money from, still there are 4 to 5 people left whom i have to pay money.
They have filed cases on me under 138, now i also have filed cases on people who owe money to me.
Now I just want time from these people for repayment but they are demanding there money in 1 go.
My intention is to pay back the money as i sold my house as well for this, also there are visits from the police men at home as my lawyer had suggested me to not to appear in 1st 2nd hearing as he said this is the only way to borrow time.
Please advise if the law can help me considering my situation.
I am doing a job as well to earn extra income and recently i have settled 1 out of 5 cases
All the transaction done with these people were in cash and i dont have any proof where in i can prove that i have paid any interest to these people
There are 4 cases running on me in court
1. 3.5 Lac
2. 2.5 Lac
3. 1.2 Lac
4. 1.2 Lac
The Cases that I have filed are:-
1. 3 Lac
2. 1.35 Lac
3. 1.5 Lac
4. 1.5 Lac
but these cases were file after the above cases and are about to come in hearing at the end of august.
Can law help me when i am ready to pay the amount and i just need time for that
