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How can i recover friendly loan given to a friend.
07-Dec-2023 (In Recovery Law)
May I recover the amount loaned to friend with verbal terms to return the money within 3 yrs with interest of FDR rate. If fails to return within agreed period then he would returned the amount in double. He failed to do so. Legal notice cum demand served to him through registered post but no respond.Friendly loan made through cheque on 1-4-2013. On WhatsApp message he denied no loan was advanced. May I know is it maintainable?
On the basis of the payment through cheque made to your friend you may be able to maintain a civil suit for recovery. However, the pleadings in your plaint have to very carefully worded for the suit to succeed
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Adv. Rajat Joseph
Delhi | 200+ Answers
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Well, you may file order 37 suit basis cheque and bank statement.
Oral agreement is also an agreement.
However to prove that would be a task.....
Your claim would be that u advanced friendly loan and cheque was issued
Let him come and explain that amount was against what liability.
Oral agreement is also an agreement.
However to prove that would be a task.....
Your claim would be that u advanced friendly loan and cheque was issued
Let him come and explain that amount was against what liability.
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Adv. Urfee Haider
Delhi | 200+ Answers
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Yes, of course are certain provisions in civil law to recover money from the said person. But prior moving in any direction in need to personal discussion with you in regard to each and every aspect related to given money and other things.
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Adv. Tejasvi Goel
Delhi | 25+ Answers
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