Legal Question in Credit and Debt Law in India

Dear sir,
i have a parsonal loan from bajaj finence for Rs. 21000/- only in 2007, for 12 EMI. I was regularly paid six EMIs. but deu to unemployment i was uleble to pay other emis. deu to same reason i was left the mumbai and come back to our native place agra.
yesterday i recieve a call from the loyer he said i file acase ageint you, becouse your chaques was bounce. he also said what you want, if you want to sattel the A/c. you will make payment of 58000/-. but i have no money this time. he said if you cant pay the ammount police will arrest you.

Please suggest me what i do.
Thanks
SANJEEV

Asked on 12/05/11, 3:07 am

0 users found helpful

0 attorneys agreed

you may seek help of a lawyer and he would send a legal notice and if need be represent you in the court.

Answered on 12/05/11, 3:08 am

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