Recovery of unaccounted money lent to a person

606 votes

Dear client,

Yes u can recover it by bounching the cheque.Dear client can u tell me how much cheque u took from the person who took loan from u.Dear now a days the judge can asked ur ITR's.Dear client u can file recovery suit in the recover suit u have to give court fees which come around Rs 26,000/- .Dear client if u need any clarification u can contact me and I m happy to help u.

Advocate Mudassar Khan LawRato

507 votes

Sir, as you have depicted in your query that you have a cheque as security, its a positive tool for recovery of your amount but in addition to the same you have frame some more**. Your amount is still safe and can be easily recovered contact for the fast action as per your discretion.

Advocate Salil Tripathi LawRato

993 votes

Yes definitely you can fill the amount and date and submit it to the bank. If the cheque bounces than you can file case against him under section 138 of negotiate instrument act. Your money will be recovered through court.

Advocate Sagar Kothari LawRato

825 votes

In case you have provision in your accounts in last FY or in recent past for showing the amount as loan ,you can do the same and thereafter present the cheque in the bank and on its return can follow the procedure of sending notice for payment and on failure to get response /money file the complaint under N.I.Act and followup the case against the person who gave cheque.

Advocate Rajiv Mehta LawRato

728 votes

Yes you can fill the cheque for the same amount and get the cheque bounced. Cheque given as security is covered under negotibale instrument act. The fact that you have not shown the said amount in your books will not effect your legal remedy.

Advocate Shreshth Jain LawRato