lent money to a friend but even after 6 months he did not return it

Question

lent money to a friend but even after 6 months he did not return it

06-Jan-2023 (In Recovery Law)

Dear sir/madam, I have lent 5,00,000 to my friend for her mom's hospitalization 8 months ago. Although she had agreed to repay the amount in 6 months, it got extended to 3 months more based on her financial situation. Recently I found out that her sister's original property document that she had provided to us turns out to be a color xerox and at this time we only have the Hand loan agreement and a cheque duly signed by her. Am worried as her false promises continue, and am not sure if I need to present the cheque for it to bounce and take legal action against her. Seeking your Kind advise.

Answers (1)

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.

Report abuse?

Connect with top Recovery lawyers for your specific legal issue

Connect with a Lawyer

Comments by Users

No Comments! Be the first one to comment.

Recent Questions

Sbi filed Negotiable instrument act 138

Advice how to proceed further on debt clearance

Money View Loan Repayment Help

Urgent Legal Aid Needed for Poonawalla Fincorp Loan Case and Kolkata C

Story TV Refund Helpline Number

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

All Answers

LawRato LawRato · Accepted Answer · 2016-01-06T07:57:20+05:30

I feel this question itself incomplete. Because when you took loan agreement / cheque from the party then her's sister document is not necessary. If at all her sister provided guarantee then file a suit to recover the said sum of rs 5,00,000 and seek attachment of the property . Else send the cheque for clearance. If the cheque is not cleared then file a cheque bounce case under NIA 138. and issue legal notice for recovery of said amount. If her sister provided guarantee with her property document and you sure about the document is fake/not original then you can file criminal case according IPC 1860 u/s 420/468 .