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Lend money to a friend how can I recover it


01-Apr-2023 (In Recovery Law)

how to get a proof that I have lend money to someone.? I have lend money to a friend and he is not returning the money on time. He is still a friend so I can tell him to sign on something that he has lend money from me. So that later in future if he refuses to give money I can do something about it or if something happens to him I can still get money from his family.

Answers (3)

Answer #1
542 votes
Hi. You can get agreement drafted between yourself and your friend. So that incase he refuses we can file a civil suit under Order XXXVII, CPC, 1908 for recovering the amount lent to your friend. For further clarifications please get in touch.
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Advocate Ridhima Chhatwal

Adv. Ridhima Chhatwal

LawRato Delhi | 5+ Answers
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Answer #2
733 votes
From your querry it appers to me that you have got signed a promissory note from your friend. Limitation for recovery money is 3 years. You need to clearify the mode of lending money. Whether it was through any banking trasnaction if not try get issued a cheque from him in your favour. So that you may have strong possibility of recovering the loan amount. Otherwise you can go for suit for recovery of money which is a civil procedure.
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Advocate Rohini Kumar

Adv. Rohini Kumar

LawRatoDelhi | 5+ Answers
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Answer #3
974 votes
firstly try to take a cheque of any future date. Secondly try to take his signature on an agreement, which I shall draft for you. Thirdly try to take his signature on a promisory note. there are number of ways by which you can create evidence of payment made by you.
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Advocate Vijay Kumar Babbar

Adv. Vijay Kumar Babbar

LawRatoDelhi | 5+ Answers
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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 Divorce Lawyers at lawrato.com to address the specific facts and details.

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