Loan Harassment Legal Options

Summary

Loan recovery agents must adhere to ethical practices and cannot use abusive language or threats. You can file a harassment complaint with the police and use audio recordings as evidence. Companies have the right to pursue legal avenues for loan recovery but must follow ethical standards. Consider approaching the Karnataka Consumer Forum for guidance on consumer protection.

Full Conversation

What are the company rights have
I'm sorry to hear about your situation. In terms of company rights, here are some general points:
- Loan Recovery: Companies have the right to pursue legal avenues to recover loans, but must adhere to ethical practices.
- Communication: They can contact you for repayment but cannot use abusive language or threats.
- Legal Action: If terms are breached, they may initiate legal proceedings.
If you feel threatened or harassed, it's important to report this to the authorities. Would you like more information on filing a complaint?