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Gave money to friend on verbal agreement now not returning money
14-Apr-2023 (In Recovery Law)
I had given my friend 35000 thousand rupees on verbal agreement that whenever i require you have to return it .i had given many reminder to pay back the amount but he is delaying it .i have no written documentation .how can i recover .
A verbal agreement is not considered by law. Next time write him/her a email asking for the money. The reply of the said email by your friend will provide a ground for your claim. If your friends accepts the liability in reply then you can proceed with recovery proceedings. For further line of action book a consultancy call. I will guide you.
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Hello
You have to collect a a cheque for an amount of Rs.35000/- from you friend without mentioning a date on it.
and convenience to your friend that the said cheque is taken as a security against the said amount.And take a time limit from your friend from the repayment of the said amount and if he fails to repay the amount within a stipulated time then present a cheque for clearance in to the concerned bank and if it is dishonour then send a legal notice to your friend and if your friend is not taking the serious cognizance of the legal notice which send by you through your advocate then file a complainant before Judicial magistrate of first class u/s 138 of N.I Act.
You have to collect a a cheque for an amount of Rs.35000/- from you friend without mentioning a date on it.
and convenience to your friend that the said cheque is taken as a security against the said amount.And take a time limit from your friend from the repayment of the said amount and if he fails to repay the amount within a stipulated time then present a cheque for clearance in to the concerned bank and if it is dishonour then send a legal notice to your friend and if your friend is not taking the serious cognizance of the legal notice which send by you through your advocate then file a complainant before Judicial magistrate of first class u/s 138 of N.I Act.
Helpful?
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Adv. Sachin V Prayag
Pune | 25+ Answers
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