653+ Lawyers are online 
How to recover loan lent to a friend
15-Apr-2023 (In Cheque Bounce Law)
Hi One of my collegues called me up and asked for money because he had some family emergency. I had transferred the money via bank transfer into his account. When i asked him to return the money he issued me a cheque. However that cheque has bounced. Collegue of mine is not picking call nor he came to office. How should i go about this situation. There was no written agreenebt but i did transfer the money by bank transfer. Kindly help me..
You can sue against your friend in case under section 138 N I Act and there is time limit after dishonour of cheque you should issue legal notice through advocate calling upon that he return the money within 15 days and after expiry of 15 days u can file case
Helpful?
42+
42+
Adv. Shashi Bhushan Jha
Delhi | 100+ Answers
CONTACT NOW
There is only way our to file suit for recovery before the court and recover your money if your cheque within the limitations of dishonour then file complaint under section negotiable act. This is the
Helpful?
45+
45+
Adv. Akhil Verma
Delhi | 400+ Answers
CONTACT NOW
You can file a complaint case against him u/s 138 N.I.Act.your loan is a friendly loan and you have a proof of bank transfer.so you can do the case.and if you have any query plz consult us.
Adv. Sushma Agarwal.
Adv. Sushma Agarwal.
Helpful?
42+
42+
Adv. Sushma Agarwal
Delhi | 25+ Answers
CONTACT NOW
First of all give the legal notice to him and demand the money which is payble by him, then file the complaint case under section 138 of negotiable instrument Act, you don't have to prove more, burden of prove on him because he has been issued cheque for payment.
Helpful?
25+
25+
Adv. Naved Azam
Delhi | 25+ Answers
CONTACT NOW
There is no need for any agreement as the issuance of cheque itself would suffice your cause. You have both civil and criminal remedies to recover your money. Send him a legal notice of demand within 30 days from the date of cheque bouncing I.e. dishonour, asking him to repay the amount. If u fail to do so, then u lose ur criminal remedy and only a civil suit would have to be filed which will include a court fee.
Helpful?
36+
36+
Adv. Arpit Srivastava
Delhi | 25+ Answers
CONTACT NOW
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 lawrato.com and has been responded by one of the Divorce Lawyers at lawrato.com to address the specific facts and details.
Connect with top Cheque Bounce lawyers for your specific legal issue
No Comments! Be the first one to comment.
"lawrato.com has handpicked some of the best Legal Experts in the country to help you get practical Legal Advice & help."
