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Legal proceedings against person for recovery on non payment of loan.


12-Nov-2023 (In Civil Law)
Sir/Madam i have given money to a couple(husband &wife) nearly 20 lakhs rupees and they are not returning my money back. i have promissory note of that male person i.e:husband's who has property on his name.And also they have given me three bank cheques and promissory note of the female person who doesn't have any property on her name.how can i proceed and what justice will i get
Answers (3)

Answer #1
988 votes
you can definitley recover thhe entire amount of Rs.20 lakhs with interest from the couple if you have cheques and promissory notes, provided your have complete details of them, you can file cheque bounce case
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Advocate Neeraj N

Adv. Neeraj N

LawRato Hyderabad | 100+ Answers
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Answer #2
585 votes
Hi First present the cheques. Subsequently you need to file the following cases: a) In case the cheque is returned unpaid, file a case under 138 Negotiable Instruments act. You will get your due amount and also additional due amount as compounding fees. b) Also you can file a cheating case u/s 420 of IPC against the couple at the nearest police station. Please note that the above 2 cases are criminal cases. Generally people prefer to pay up instead of going to jail. Both these cases are different cases and these will be tried separately.
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Advocate Rajagopalan

Adv. Rajagopalan

LawRatoHyderabad | 25+ Answers
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Answer #3
606 votes
yes it is there, you can file a cheque bounce case against them for that you need to proceed as per proper under section of 138 of NI act you need to follow the parameter of the cheque bounce case.
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