How to recover money lent to friend

529 votes

The facts mentioned are very brief. It needs to be detailed. Anyways, you can choose any of the following 2 options:
1) File a civil suit for recovery of Rs. 2 lacs against that person;
2) If the cheques have bounced, then you can opt for proceedings under section 138 of the Negotiable Instruments Act.

Advocate Bidit Kumar Deka LawRato

985 votes

You can present the cheque to your bank and if it get dishonour you can file cheque bouncing case under section 138 of NI Act against him after giving him legal notice about it and can also initiate recovery proceedings against him.

Advocate Brajesh Kumar LawRato

952 votes

You can file a case under 138 NI act, which will help you recover your money quickly for which firstly you need to send a legal demand notice. You can also file a civil recovery suit, with which you will also be able to recover the interest.

Advocate Kushal Raj Gupta LawRato

714 votes

you may present the cheques to the bank within 3 months of date which it bears. If the Cheque returns dishonoured your advocate will send a notice to drawer of the Cheque within 30 days of dishonour and if the drawer doesn't pay you the Cheque amount within 15 days of receipt of legal notice you may file a criminal complaint case under section 138 Negotiable Instruments Act. You may also file a civil recovery suit under Order 37 CPC. For further query revert me.

Advocate Pankaj Kumar LawRato

995 votes

Hi Sir, we can firstly send a legal notice and can further initiate the legal process by filing a complaint under section 138 of the Negotiable Instruments Act, 1881. The rest can be discussed over the meeting.

Advocate Ridhima Chhatwal LawRato

719 votes

yes, you can get the cheque bounced and file a case against him under section 138 of the negotiable instrument act. but you need to follow the procedure. Once the cheque is bounced you need to send him a legal notice and within 30 days you need to file a case under 138 NI Act.

Advocate Siddhant Sharma LawRato