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Loan recovery from person with a promisary note
18-Jul-2026 (In Recovery Law)
I have given 1lakh loan to 9years back he still saying I will pay within 1 or 2 months i have a recent call recording, I want my money back from that person what will be the best way to get back
Based on the facts stated, the legal position cannot be determined without examining the complete timeline, nature of the transaction, and supporting documents. The effect of any recent communication or acknowledgment depends on the specific facts and applicable law. A detailed review is necessary before expressing any opinion or suggesting the appropriate legal remedy
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Adv. Ravindra Anjaneyulu
Anantapur | 5+ Answers
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A recent acknowledgment of liability may help extend the limitation period, depending upon its contents and admissibility. Preserve the call recording and any other evidence such as bank transfers, messages, or witnesses. Immediately issue a detailed legal notice demanding repayment. If the borrower still defaults, consult an advocate to evaluate limitation and institute appropriate civil recovery proceedings without further delay.
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Adv. Pavani Kumari
Guntur | 400+ 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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