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Friend is blackmailing with a stampaper


01-Dec-2023 (In Civil Law)
My name is sooraj 36years old. on 2015 one of my friend afsal gave 5.59lakhs as a deposit tomy saving bank account for commodity market (sharemarketing). Unfortunately the first month itself sales was flop and the whole amount lost. I am not a trader. but as a friend he deposited. later i gave 2lakhs to him in various instalment..after 1 year he started blaming me and threatening me that he will make trouble at my home..then i wrote in a 100rs stamppaper that i will give the 6lakhs rs back with in 6month. and given to him. but i could arrange the amount and he was not ready to adjust the loss. the oraly we made a compromise that he want 60% of the amount and rest he wavedoff. i paid the said amount by feb 2017. but now after 5 years he again filed a case in local police station and asking for the remaining 40 % ..the stamppaper is with him. that is not noterized. is there any way to get ridoff from this blackmail?i dont have any money to give to him...i didnt borrow from him..
Answers (2)

Answer #1
621 votes
the limitation period for a transaction as per the limitation act is three years and so alone before the expiry of the limitation period, the bent should be acknowledged by the debtor otherwise only the law equity alone will prevail and the debt shall not become enforceble
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Answer #2
720 votes
hai you need to aver the stamp paper legally by a demand notice. since you are almost specific on date of stamp paper. i think its a fair case. A demand notice legally regarding the facts of ita possession and validity will wipe off ur doubts and fear on the matter hope am up to your query
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