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Recovery of money post the agreement period


01-May-2023 (In Recovery Law)
I have given money in terms of cash and obtained signature and thumb impression on draft. The content says that the money is given only for one month at the interest 2%. But already 4 months are over, he is telling some reasons and postponing the recovery.
How to go about this issue from here?
Answers (1)

Answer #1
307 votes
I'd like to know on what document you have taken the signature, whether it is cheque or a promissory note. Post which, you need to
issue a legal notice for repayment of cash in advance only if the event borrower fails to repay file summary suite for recovery of your money.

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