Clarification on recovery of loan given to friend without any proof
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Hi,
that in the case wherein you have given Rs.4,00,000/- without any documentary evidence, in that case it is required to know whether the same is loaned through cash or through cheque. If cheque is issued then the same can be documentary evidence. In case of cash firstly it is advised to issue legal notice through advocate and thereafter, period of 21 days recovery suit is to be filed before teh appropriate court. Further details are required for assistance.
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