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Legal action to be taken if loan amount and interest are not repaid
01-Jun-2023 (In Recovery Law)
I have given 45 lakh to my relative and he is not paying me back from last 3 years n he is not paying any intrest also and i dont have any proof what to do?
You can send him Legal demand notice for repayment of amount given , mention purpose of which amount is given . Such situation must observe From where you have arrange such amount , if cash is paid and no proof of the same , than you cant do anything.
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Adv. Sanjeev Chopra
Delhi | 25+ Answers
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start collecting some proofs related to the loan and start conversing to the relative for the loan amount through text massages whatsapp or emails etc. and then when you get any proof about the loan only then you can proceed further for the repayment of the loan.
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Adv. Roshan Kumar Singh
Delhi | 100+ Answers
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