Gave a loan to a couple but still not paid back by them
20-Dec-2023 (In Recovery Law)
I have agiven a loan of Rs.18 lakhs to a couple (Rs.10lakhs to husband and Rs.8 lakhs to wife) returnable with in a period of 6months after entering into 2 separete agreement on stamp paper in october,, 2013 on interest but it has not been repaid .I have a blank undated cheque duly signed by wife.can I fill in entire amount of Rs.18 lakhs and present the cheque. In case of cheque getting bounced, sue them under 138 for recovery. Please advise..
First the cheque date is valid or not, after that you can present the cheque but in that husband and wife can prove that he/she repaid the loan amount according to the agreement which is specified by you in your question, so first you clear me that the laon which was paid by them is in cash or cheque or DD, because the amount is clear and your asking for an interest, so at the end clear all this which i asked so according to this you can go for complaint and you have to send first a legal notice.
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