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How to recover my money from my friend that i gave in good faith


13-Sep-2023 (In Recovery Law)
sir, my friend taken Rs: 5 Lacs as hand loan from me. he given his flat 950 sft original documents and promissory note and cheques. but he not mortgaged his property on my name. can i mortgage his property with out him. or how can recover my money as early as possible. please suggest. with full details and advocate fee.
Answers (1)

Answer #1
913 votes
As he has provided you the promissory notes and cheques against them you can file a suit for recovery against him. And if the cheque is issued to you and the said cheque is deposited in bank and it bounces then you can also file a case under section 138 NI act against him for recovery

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