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Procedure for the recovery of the loan amount given to a friend.
02-Nov-2023 (In Cheque Bounce Law)
I have given him 300,000 cash in april 2015, He told me to return 5.5L in June 2016, But today also he is making excuses , I have a stamp og 3L with a cheque. His parents also denying for payment. How can I get my money back with interest ?
U may prosecute him Under the provisions of NI Act since the cheques have been given to You against his liability....So no need to worry and same could be establish by way of instructments advanced to you withstamp papers...
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Adv. Hemant Sharma
Jaipur | 25+ Answers
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First of all you have to tell whether any written agreement has been executed between both of you, any chaque you have received from the borrower.
If you have a chaque, you can get it bounced and then file a complaint for criminal proceedings.
If you have any agreement, you can file a suit for recovery
If you have a chaque, you can get it bounced and then file a complaint for criminal proceedings.
If you have any agreement, you can file a suit for recovery
Helpful?
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Adv. Liyakat Khan
Jaipur | 25+ Answers
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