India  |  Credit and Debt Law

Legal Question

Asked on: 5/07/13, 5:33 am

Sir,we borrowed some amount of money from a person for 5% per month interest.We paid his interest every month for 2 years.Suddenly,due to unexpected problems we were not able to pay it regularly.He harrased us asking to write cheques of more amount.For ex-we borrowed Rs.100 and failed to pay for 1/2 months,he asked to write cheques of Rs.150 or even more.We had to do as directed by him as we had no choice.Now when we cant repay him he's filing a case!Solution to dis?

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