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Borrowed money unable to pay can case be filed against me


02-Aug-2023 (In Recovery Law)
From a person I borrowed money. Not able to return it back now due to lack of money. Can he file a case against me?
Answers (3)

Answer #1
998 votes
Yes, I he can file case against you. He can file civil suit for recovery of money. He can also file criminal complaint against you depending on the facts of your matter. Please take proper and professional legal advise to protect yourself from the possible civil and criminal litigation.
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Advocate Namitabh Kothari

Adv. Namitabh Kothari

LawRato Mumbai | 25+ Answers
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Answer #2
773 votes
yes of course the bank take action against you any time with interest because u r defaulter of payment of loan. and there is no limitations for recovery case filling against borrower. in case bank file a case against u, and u could not able to paying the lumsum amount and bank attaching ur property I.e. movable or immovable. solution - u meet the bank manager and settle the matter amicably.
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Advocate Nilesh Y Thengre

Adv. Nilesh Y Thengre

LawRatoNagpur | 25+ Answers
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Answer #3
569 votes
Yes definitely. They can file civil suit for recovery before civil courts. Depends on documents executed between both parties. Issues depends on transaction by virtue of documents executed. Regards Umesh Chhangani Advocate
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Advocate Umesh Chhangani

Adv. Umesh Chhangani

LawRatoNagpur | 25+ Answers
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