PADALA VENKATA SUBBARAO (LABOUR WELFARE OFFICER) 15 September 2017

Retired bank employee took loan and went to US

A bank employee, who took huge amounts as borrowed loans on Promissory Notes from 2012 to 2015 from villagers through a person, who is Farmer in Village and went to US on Tourist VISA. When the Farmer contacts him over phone he is not responding properly. The borrowers are visiting the house of village farmer to get recovered amount from fraudulent. What is the remedy for borrowers and the Farmer, who became middleman in between?

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Siddharth Srivastava (Advocate) 15 September 2017

Firstly report the matter of misappropriation, cheating etc. with police and on the basis of FIR get his passport immpounded or ti get issued RED Corner notice. Middle man has no role nor has any liability to pay the laoned amount taken by the person who has taken loan. Borrowers may also lodge police complaint and can also file suit for recovery. Sidharth 9811776422