This answer can be obtained through relevant news reports and court announcements, which is highly related to asking questions. In this case, Cheng Yixin did not return the loan, and the court ruled that he needed to return the principal and interest of the loan and bear the liquidated damages. This is a reasonable ruling made in accordance with relevant laws and regulations.
If you encounter similar private lending problems, you can take the following practical solutions and countermeasures:
1. In private lending, we should pay attention to signing a formal loan contract, clarify the details such as loan principal, interest and repayment period, and keep relevant evidence and documents.
2. The borrower shall repay the loan principal and interest on time. In case of special circumstances, communicate with the lender in time and sign a written agreement.
3. If the borrower fails to repay the loan within the time limit, the lender can recover the loan through legal means, including prosecution and application for enforcement.
4. The borrower shall carry out loan activities legally and in compliance, so as to avoid taking legal responsibilities due to illegal acts. In the event of a dispute, you should actively communicate and negotiate with each other. If you can't solve it, you can seek legal aid or litigation.