hello, I have taken loan against gold from Muthoot finance because i was un employed for long period and since long time i am unable to pay interest and now muthoot called me and sain i will have to deposit at least half of interest ie Rs. 1,80000/- for stoping them to stop auction of my gold by tomorrow 7th June 2013, This is impossible for me to arrange this amount. I even told them i can sell some part of my gold to you(muthoot) but they refused that option and said it is posible only when deposit the interest. Pl guide me how could i buy some more time from them...
1 Answer from Attorneys
You are left with no other choice but to pay the interest amount demanded, else risk that some amount of gold to be sold.
Related Questions & Answers
We purchased a 46"Sony LED TV set on 28.o4.2011 paying Rs.92,000/-. Just 2... Asked 6/04/13, 10:01 am in India Consumer Law
Respected Sirs, I had purchased a used Hyundai Santro car from Sri Sai Motors, Vivek... Asked 6/04/13, 9:32 am in India Consumer Law
I purchased a flat before 1 year when it was about to start a construction. i made... Asked 6/03/13, 4:38 am in India Consumer Law
A CONSUMER FORUM HAS ORDERED TO PAY 15000/- TO COMPLAINANT AND PASSED DECREE THE... Asked 6/03/13, 2:50 am in India Consumer Law
I am complaining since three months. Should I have to give one week more. What are... Asked 6/02/13, 6:13 am in India Consumer Law