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Family loan default by brother


08-Feb-2023 (In Recovery Law)

I am nri living in kuwait.given loan to brother of 59 lacs in Jun 2014 without any written agreement on credit of Father, as he says I will take care of any default happen.All funds transferred bank to bank from my Ac to brothers acc.Brother repaid all of his loan from my money and now says you have more asset in parental property so I will not pay your money. Father washed his hands and said I can't help.I am in deep trouble how to recover my money legally.Let me advice how I can take my money back. I know his all loan bank account numbers ..

Answers (1)

Answer #1
972 votes
If your brother is residing in India , then you will have to file a suit for recovery of money against your brother pleading that there was an oral agreement between you and your brother. The factum of giving money by to your brother can be easily proved as you said you transfered the money to him from bank. you can get your money by filing civil suit.

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