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Gave money to a friend but now he is not returning the amount
11-Dec-2023 (In Recovery Law)
I gave some amount to my ex colleague in last company 2 years ago He promised to return it back but now he just escaped and not in touch. how can I take action against him.
If you have given money to your friend have you sign any deed or agreement stating the amount given and the return date with interest if any. If there is any such agreement or deed then you can go to the local police station get a fir registered claiming cheating. If there is no such agreement then it will be very difficult to prove that you had given any loan. If you have any bank transacting showing transfer of fund from your account to his then this is also good enough to satisfy your claim . Hope you have some kind of evidence to claim your statement.
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Adv. Mayank Deep
Delhi | 25+ Answers
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What is the punishment for not returning money?
You can bring both civil and criminal actions against him to get the money. You can use both civil and criminal cases to pressure him. In a civil case, he must pay you compensation plus interest. If he is found guilty in the criminal case, he may be jailed.
Where do I complain about someone who is not returning money?
Send him an official notice. Make a police complaint. Send him your own letters. You can then file a lawsuit for money.
What to do if someone doesn't return your money?
If the person fails to respond to your letter of demand within a reasonable time, you have the right file a lawsuit at any court. Please do not hesitate to contact an attorney through Vakilsearch if you are unsure of how to proceed during a dispute.
Can we file FIR for not returning my money?
You can file a civil suit at the local district court in your district. The time limit to file a case in civil court is three years after the date you loaned money to your friend. Section 406 allows you to file a FIR at the police.
The first and foremost step that you can take its threaten your ex colleague by sending a strong legal notice stating that if he doesnt repay then you will proceed to court. if he fails to return the money then you can proceed with filing a case in the courts seeking repayment of money and also interest on the same. Do you have any written agreement with him? Also, have you written any letters/emails to him earlier? Has he ever by way of sms or email or letter acknowledged that he has to repay you this amount? If yes, then you can file a summary suit where the burden will always be on your ex colleague. Summary suits are faster remedy as well. Please answer my above questions, so that I can advise you better.
Regards
Regards
Helpful?
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Adv. Shikhar Khare
Delhi | 100+ Answers
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Dear
First all you need to have proper documents explaining the transaction between you and your friend. If any such documents exists then file a suit for recovery against him. If such document is not their, ask any lawyer to simply send a legal notice to your friend asking to refund the money, if he replies to such notice and still does not return the money, then, based on his reply to your legal notice you can file the suit.
thanks
First all you need to have proper documents explaining the transaction between you and your friend. If any such documents exists then file a suit for recovery against him. If such document is not their, ask any lawyer to simply send a legal notice to your friend asking to refund the money, if he replies to such notice and still does not return the money, then, based on his reply to your legal notice you can file the suit.
thanks
Helpful?
25+
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Adv. Aditya Sharma
Delhi | 25+ Answers
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i gave cash to a person now he is not returning there was a person who was there while i gave him cash can i get it back ?
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