Dear Sir, I borrowed Rs. 1.2 Lakh from my landlord in Ghaziabad. I’ve been paying Rs. 7,000 in interest each month for a year. However, I haven’t been able to make any payments for the past year. He’s now evicted me and my family. We have a written agreement on stamp paper detailing the interest rate and a daily penalty of Rs. 100. Can I seek legal help to resolve this situation?

Apni Law
Apni Law
Law Forum › Category: Landlord / Tenant › Dear Sir,

I borrowed Rs. 1.2 Lakh from my landlord in Ghaziabad. I’ve been paying Rs. 7,000 in interest each month for a year. However, I haven’t been able to make any payments for the past year. He’s now evicted me and my family. We have a written agreement on stamp paper detailing the interest rate and a daily penalty of Rs. 100. Can I seek legal help to resolve this situation?

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Apni Law Staff asked 2 years ago

Dear Sir,

I borrowed Rs. 1.2 Lakh from my landlord in Ghaziabad. I’ve been paying Rs. 7,000 in interest each month for a year. However, I haven’t been able to make any payments for the past year. He’s now evicted me and my family. We have a written agreement on stamp paper detailing the interest rate and a daily penalty of Rs. 100. Can I seek legal help to resolve this situation?

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Best Answer

Apni Law Staff answered 2 years ago

Yes, you can seek legal help. The landlord’s eviction may be illegal as the interest rate and penalty clause in your agreement may be considered exorbitant and oppressive under Indian law. You can approach a lawyer to challenge the eviction and negotiate a repayment plan.

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