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lent money to a relative not returning back can I take legal action
17-May-2023 (In Recovery Law)
I lent money to a relative who was in need. Due to relationship, I did not seek any other guarantee instruments or Promissory note. Now it is nearing 10 years and he has no intention to repay.Whenever asked about repayment he says he doesn't have money.At some point of time he agreed to pay some amount on a monthly basis but after sometime he ceased to pay that small monthly amount as well. As of now, he completely avoids my phone calls. When i call from other phones, he picks up but soon hangs up the phone.kindly advice the course of action that i should take.
The limitation for recovery of money starts when the money becomes due. It is for three years.
However, in your case, he paid small amounts of money. Kindly remember the last payment made, your limitation for three years starts from that time.
You may file a suit for recovery before appropriate court depending upon the pecuniary and territorial jurisdiction.
However, in your case, he paid small amounts of money. Kindly remember the last payment made, your limitation for three years starts from that time.
You may file a suit for recovery before appropriate court depending upon the pecuniary and territorial jurisdiction.
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Adv. Manish
Delhi | 100+ Answers
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you can file a civil recovery suit against him. there is one more option and that is you can twist the facts in your favor to make it a criminal case. then you can lodge a complaint of cheating under section 415,420.
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Adv. Vaibhav Prakash Shukla
Delhi | 25+ Answers
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