Procedure to recover the money given through the promissory note
04-Sep-2023 (In Cheque Bounce Law)
On the promissory note we have given Rs.50000 x 4 i.e. Rs.200000/- to my neighbour with interest of 2% six months ago for 3 to 4 months. Last 3 months he is not paying interest after so many verbal requests. And also I requested him to pay original amount. He is enjoying jolly trips with family and others. He got a house also in our colony & and a private job. He is telling that I will clear the interest amount but not taking steps. Please help me in this regard to follow next steps to be taken.
after your request you have to issue legal notice to demand to pay under promissory note and give time after you have to file a case for recovery of promissory note ,principle with interest and after decree you have to file E.P for that decree
This is suggestion for you please contact your nearest advocate. you have file civil suit for recovery of your debt through the hon'ble court of law. Attach the house of your debtor before judgement your amount will be realized after judgement, if your promissory note are currcet one
Dear,
Send a Legal Notice to the person through an advocate and demand the amount due along with the interest and give him 7 or 10 days to settle the dues. If he pays you good, else file a suit for money recovery under Order 37 C.P.C. in the civil court of jurisdiction where the cause of action has arisen to file the suit or where the person resides or carries on business. All the best!
Send a Legal Notice to the person through an advocate and demand the amount due along with the interest and give him 7 or 10 days to settle the dues. If he pays you good, else file a suit for money recovery under Order 37 C.P.C. in the civil court of jurisdiction where the cause of action has arisen to file the suit or where the person resides or carries on business. All the best!
The First Step what you need to do is that you need to send a legal notice through lawyer and wait for his response and if he ignores the legal notice you send him the notice second time.
After second time also if he ignores you can file a suit in the civil court which comes under your jurisdiction.
Taking all the documentary evidence available at your end and also you can claim for damages for cheating you and causing pain and litigation fees too.
1. Two legal notices and their acknowledgements
2. Promissory note between the parties
Suit value of 3 lakhs the court fee payment is 5426/-in A.P and Telangana and more than
three lakhs if you want to claim for every ten thousand hundred rupees of court fees to be paid.
Hopefully once you send the legal notice the party would approach you for a settlement.
After second time also if he ignores you can file a suit in the civil court which comes under your jurisdiction.
Taking all the documentary evidence available at your end and also you can claim for damages for cheating you and causing pain and litigation fees too.
1. Two legal notices and their acknowledgements
2. Promissory note between the parties
Suit value of 3 lakhs the court fee payment is 5426/-in A.P and Telangana and more than
three lakhs if you want to claim for every ten thousand hundred rupees of court fees to be paid.
Hopefully once you send the legal notice the party would approach you for a settlement.
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