Transferred 50000 to my friend in 17 July 2021 and he refuse to pay me back.what do I do? He has blo
04-Apr-2023 (In Civil Law)
Transferred 50000 to my friend in 17 July 2021 and he refuse to pay me back.what do I do? He has blocked my no so I can't get in touch of him,I thought of meeting him in at his house but afraid to do so.
If the loan is not repaid even after 180 days, the lender has the right to proceed legally against the borrower under Section 138 of the Negotiable Instruments Act 1881. Before proceeding legally, the lender will exercise all recovery measures like sending two reminders followed by a recall letter.
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