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Kamalakkannan (MD)     13 January 2016

Private loans

I Borrowed from 10 Local Money Lenders Based on Cheques for Rs1.85Cr. In that I repaid 1Cr. Due to my Medical Issues and Unexpected Slowdown in Business i can't repay the 85L as per the comitment. 

All the Lenders are now therating me and force fully collecing interest as 20 %. Now I come to End Situvation i can't generate money for them.  I can 100% Repay the Amount with Reasoble intrest if they give me time.

Now i Need Legal Protection from them for not to distrub me mentaly and giving trouble in my Work Places.  I need a Lawyer from Chennai to Handle this smoothly .

My Intention is 100% Repay their money to them only think i need time .

The Lenders Holding my Company Cheques . Is there any way to Get a Court Order for getting Time to Repay the Amount.



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