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Loan recovery amount from NRI person
02-Feb-2025 (In Cheque Bounce Law)
Loan recovery amount from NRI person according to cheque
You can proceed legally for the recovery of the loan amount by filling the recovery suit or if you have a cheque then cheque bounce case. If the person is not from India, You have to service the summon at the place where that person is residing outside india. You are advised to provide complete information and details of the case to have the exact remedy of your case.
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Adv. Mohit Rajput
Delhi | 100+ Answers
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loan recovery from NRI , there are no sufficient facts in your questions . If you have a cheque issued by him. If the cheque is dishounered you need to send legal Notice as per the Negotiable Instrument act, After the legal Notice, if he had not paid then you can file cheque bounce case
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Adv. Mukesh Kumar Sah
Delhi | 200+ Answers
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First of all rather than going legally you should serve him/her a legal notice and in that notice you can write that either pay my money or face legal action which will be at your own risk. After that if he/she fails to give you a satisfactory reply then you can anytime file a recovery suit in the court to claim your money back along with compensations.
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Adv. Jitender Singh
Delhi | 1000+ Answers
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hello, you can send Legal Notice to the borrower via email as well as to his last known location in India and the country in which he is a resident off. To file a suit, you have to find which country he is residing, several countries like UK, UAE have reciprocal agreement with India. That means Indian court's decree can be executed in that country. You can file a summary suit U/s 37 of CPC and in case the cheque is bounced you can file U/s 138 of NI Act.
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Adv. Gokul Athithya R P
Delhi | 25+ Answers
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There are multiple ways in which you can recover a legally enforceable debt from an NRI too but the best option can be decided only after sharing important information relevant to the case. You can contact to discuss the best possible solutions based on the unique facts and circumstances of your case.
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Adv. Vikas Sharma
Delhi | 200+ Answers
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