► Name - Kashish Bhatia
Location - jaipur rajasthan india, 302017
Issue
My father have taken 2 lakh from one person and 4 lakh from one person both have cheques and written on stamp paper. I am giving 2.5% interest per month to both of them from 2019 and now it is 2025 october. I do not have money to repay and to give interest also. What will be the consequences and process so i do not want to repay and they are not agreeing to this.
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1 answer
1 Answer
Oct 28, 2025
Dear Mam, as per your query,
1. Lenders can file civil recovery and cheque bounce (NI Act) cases based on cheques and stamp papers.
2. Avoid ignoring notices — respond through a lawyer and seek mediation or settlement.
3. Negotiate a one-time payment or reduced interest to close the matter legally.
You are required to immediately consult an Advocate to avoid escalation of your matter.
For further clarification and details, feel free to contact our OLQ Team for a detailed discussion.
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