quesTook loan from a person. What all can he do legally against me?

I had an Apparel Export Firm that closed down 2 years back. I had taken money from friends and family to start this firm but incurred huge losses. One such lender had given me 10 Lakhs worth of cloth to make it into a finished product.


Now that he knows I am jobless and have incurred losses, he is torturing me mentally to give him his entire amount back. What all steps can he take against me Legally?


  • ans


    He has the option of initiating both civil as well as criminal proceedings against you.


    Civil will be one where he can file a recovery suit against you claiming the amount of money you owe to him for the cloth along with interest.


    Criminal can be a criminal complaint against you for the offence of fraud and cheating stating that your intentions were dishonest from the inception.


  • Send a legal notice for recovery of dues @ Rs. 1999/- only

    Know More
  • Disclaimer: The above query and its response is NOT a legal opinion in any way whatsoever as this is based on the information shared by the person posting the query at and has been responded by one of the Recovery Lawyers at to address the specific facts and details. You may post your specific query based on your facts and details to get a response from one of the Lawyers at or book a Detailed Consultation with a Lawyer of your choice to address your query in detail.
Consult best Recovery lawyers in India

Similar questions

I am working as a partner in a computer embroidery from june 2015, my partner…

I have been working for a IT organization in Delhi, Due to some unavoidable reasons,…
I gave money to my friend on trust and he returned me my half money…
Property auctioned by bank . Now what is the procedure to recovery the property or…

Recovery Lawyers in India

Advocate Jaspreet Singh Rai

  Greater Kailash 1
 Experience: 14 years

Advocate Prashant Mendiratta

  Lajpat Nagar 4
 Experience: 24 years

Advocate Sukhwinder Singh Rai

  District Court, Ludhiana
 Experience: 17 years

Advocate Harish Malhotra

  District Court
 Experience: 19 years

View all >>

How it Works

Know how LawRato makes legal advice easier and effortless

Ask a Free Question

Post a question and get free advice from multiple lawyers

Talk to a Lawyer

Easily find and book private consults with top lawyers in India

Get Fee Estimate

Receive multiple quotations for your legal requirement instantly