Is Email Or Message Conversation A Legal Proof For Loan Taken?
14-Sep-2023 (In Recovery Law)
The loan took my by friend from another known money lender was without documents only through email conversations and messages. Is it considered as legal proof, since my friend has not paid the money back from past 5 yrs?.
Yes infact email can lead to contractual obligations under Information Technology Act. Emails can be used as an agreement between the two parties. but it has been 5 years and you may be barred by limitation to move legally
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