Legal procedure to recover money from borrower


Borrower is govt employee and owns home on loan as well. Borrower took money from me for personal commitments and failed to repay. Which evidence can make lender more stronger to recover money from borrower. the primitive thoughts are promissory note is that enough??


Answers (2)

Promissory note is definitely a valid document but may not be Enough unless the facts are self evident wherein you bring out his said liability due to you very clearly. It would be handy if you could demonstrate the lending of money through either of your Bank Statements or by Statements of any other eye witnesses. If you had obtained any post dated Cheque/s or had entered into any Agreement, such documents will definitely make your case more stronger with more evidences.


Googling your legal issue online?

The internet is not a lawyer and neither are you.
Talk to a real lawyer about your legal issue.

Hi

If the payment is made through cheque u can produce the bank statement for having made the payment, if the same is by cash, the cash receipt can be produced. If any mail/letter correspondences are made wherein the borrower has acknowledged the debt the same can be used.

Popular Recovery Lawyers

Advocate Sunil Kumar Bakshi
Sector-16, Faridabad
32 years Experience
Advocate Prabhjit Jauhar
Connaught Place, Delhi
22 years Experience
Advocate Sunil Dalal
New Friends Colony, Delhi
22 years Experience
Advocate R.K. Gupta
Goyal Vihar, Indore
19 years Experience

Related Articles


"LawRato.com has handpicked some of the best Legal Experts in the country to help you get practical Legal Advice & help."

Disclaimer: The above query and its response is NOT a legal opinion in any way whatsoever as this is based on the information shared by the person posting the query at LawRato.com and has been responded by one of the Recovery Lawyers at LawRato.com to address the specific facts and details. You may post your specific query based on your facts and details to get a response from one of the Lawyers at LawRato.com or book a Detailed Consultation with a Lawyer of your choice to address your query in detail.

Legal Services

Legal Notice for Recovery of Dues

4.5 | 394 ratings
30 Min Intro call + Start to finish help
15 Minutes Recovery Advice Session by Phone

4.8 | 457 ratings
Legal advice and answers from a local experienced advocate about your Recovery of Dues issue
Similar questions

hello. My problem is regarding the money issue. I have lend some money to my Brother in law at a promise that he fill repay it. total amount was Rs.75…

Read More

I had lent Rs.30.00 lakhs to a person in the year 2013 by way of deposit of The deposit of title deeds of his property situate at vedasandur dindugal …

Read More

Sir, i have written 3 books for publication ,they have also published the books. Now they are not clearing my Invoice of Rs.78000. We have gone throug…

Read More

Dear Sir, I paid some amount to one relative for purchase of land. I don't have any payment receipt or any evidence. For last one and half years, …

Read More

Talk to a lawyer for your legal issue