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how to recover money lent to friend without any proof
23-May-2023 (In Recovery Law)
I had lent money to a friend. There is no proof of payment being made. How to recover money?
If there is no proof of on money being lent, then by circumstantial evidences we need to prove the payment being made and file for a recovery suit in the concerned civil court.
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Adv. Siddhant Sharma
Delhi | 200+ Answers
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How do I recover my Lent money?
To recover money owed, the lender can choose to settle out of court through Lok Adalat or arbitration. It is the fastest and least expensive way to recover money. To reach a settlement out of court, both parties must attend the hearing and be present.
How can I legally recover money from someone?
A lawsuit is the most efficient and effective way to recover debts from debtors. The civil remedy is to file a suit in a court of competent jurisdiction for the recovery of the money due from the defaulter. The lawsuit is filed under Order IV of the Code of Civil Procedure (1908).
How can I get money back from someone without proof?
Send a written request for payment.
You can file a claim in the Small Claims Court.
You can hire a lawyer to represent you in court.
If you feel youve been defrauded, you can file a police report.
You can get an order to seize the property of the person from the court.
How do I get my money back from Lent to a friend?
Write a contract
If the amount is large, you could also hire a lawyer or get an independent witness sign it. Transfer the money through your bank rather than in cash. This will ensure that a record is kept of the transaction. Ask your friend to repay the loan via a regular standing order.
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