Sreeram70
Manager
Refugee
Sales Professional

I worked with an organisation in 2009. At that time, to purchase a car they had paid me Rs. 250000 but they had not taken any undersigned documents from me for the mentioned money. I was forced to resign with in 8 months and did not return the said money to them. Last year, they sent a letter to me asking me to pay an amount of Rs. 279000 or else they would take legal action against me. Today, I have received a letter from a lawyer from the Mumbai High Court. If I continue the case, what could be the likely consequences?
28th August 2013 From India, Bangalore
Sir, as per your posting you have availed a loan of x amount from the company to purchase a car, Good. you have not signed any document related to the loan VERY GOOD. but you have not mentioned anything about the re-leaving letters from the company, you have mentioned that after 8 months you have resigned or asked to resign, did they re-leave you, did company gave full N final settlement and clearance letter, if you are in receipt of this i am sure that this amount of loan will be a part of it. Yes the company have full rights to recover the money with interest and for which you are in receipt of the notice from the advocate. You want to know the consequences if you continue the case: the following are the few probables of the same:

1 court may order for attachment of your property equivalent to the current value of the loan.

2 in case a cheating case is also added in the complaint you may be penalized with some nominal amount and may be few months of imprisonment if the company put to loss heavily.

3 there is a very chance that your name may be published in the on line job portals and what will happen after this you know better, and believe that you will not post a new threat for seeking the same.

4 you may be denied by obtaining any passport as you are involved in a money fraud case, and case under mis trust and cheating. Therefore you may not be able to avail any offer from abroad.

INSTEAD OF ALL THESE SIR, let us understand a small aspect: when you have availed a loan of reasonably good amount, is it not your moral responsibility to repay it? if i have to ask you since 2009 (year of loan taken as per your posting) did you made any attempt to repay the same or communicated your repayment schedule to the company?? your answer to these questions will guide you to the proper method.

Reply back to the advocate with a proposal of repayment and if you are not in a position to repay propose a request to give you some time to repay. Trying to avoid the entire payment may give you a short term relief but in long run it will definitely have its effect on you and your carrier and definitely on your family. Hope you will avoid troubling you and your family and if you wish to have any further guidance in this regard you may post your issue on to Home >> or mail me @ or even can call me on 9010352384.

Regards

JSR
2nd September 2013 From India, Hyderabad
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