In this era, getting a loan is fairly easy, but if you fail to repay it or miss the installments, it will take your life. Something similar happened with Suraj of Mumbai. (kandivli Suicide Case) A 27-year-old man named Suraj Jaiswal gives up on his life after being Harras many times by recovery agents.

Kandivali Suicide Case

A 27-year-old resident of kandivli East (Mumbai) died by suicide, Suraj Jaiswal hanged himself from a ceiling at his residence on 31 Dec after allegedly facing harassment from a finance company.

Suraj took a commercial loan of Rs 15 lakh to buy a truck but due to some health reasons he failed to repay the 4th and 5th EMI after failing two installments, recovery agents took the truck documents from his elder brother Sunil and some hours after this Suraj Commit suicide.

A Solution to Stop Harassment

If you have also taken a loan and lost the ability to repay it, you are facing allegedly harassment from a recovery agent. You don’t need to take a wrong step or commit suicide this is not a solution.

Legal Protection Under Consumer Rights

  • Fair Debt Collection Practices Act (FDCPA) (USA) – Prohibits aggressive tactics by debt collectors.
  • Reserve Bank of India (RBI) Guidelines (India) – Restricts unethical recovery practices.
  • General Data Protection Regulation (GDPR) (Europe) – Prevents misuse of personal data for harassment.

  1. Send a Legal Cease & Desist Letter

  • A formal letter warning the agents to stop harassing calls and visits.
  • Can be issued by a legal expert or financial consultant.

  1. Record and Report Harassment

  • Collect evidence (call recordings, messages, CCTV footage).
  • File a complaint with authorities like the Federal Trade Commission (FTC) or the Banking Ombudsman.
  • Inform your bank to report unethical recovery practices.

  1. Contact a Debt Settlement Company

  • Companies like SettleUp Capital can negotiate on your behalf.
  • They help in reducing settlements and stopping harassment legally.

  1. Use Consumer Helplines & Legal Aid

  • File a Police Complaint (if threats, physical intimidation, or verbal abuse occur).
  • Reach out to consumer protection bodies for legal intervention.

Conclusion

What did you learn from the kandivli suicide case?

Suicide is not a solution to avoid harassment. If you’re facing the same situation as Suraj Jaiswal. Just follow the legal steps use your rights and get debt relief.