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Looking for a good and affordable advocate, 7 lakhs loan recovery.
13-Jul-2026 (In Recovery Law)
First we gave 3 lakhs in 10/2022, we have bond paper and after 2 months another 2 lakhs, they pay the interest amount directly to a chit fund, and in end of 2023, they took 2 lakhs from chit fund, with our permission. the borrower is currently trying to complicate the issue, by shifting stories.
we only have bond paper for 3 lakhs, and they gave 3 blank cheques for rest of the loanl. Now they are claiming the loan amount 3L
The issue appears to involve several transactions and documents. Without examining the complete records, it is difficult to express any legal opinion. The facts require proper verification before any conclusion can be drawn.
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Adv. Ravindra Anjaneyulu
Anantapur | 5+ Answers
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You may have a valid civil recovery claim for the actual outstanding amount if you can prove the entire loan through supporting evidence such as bank transfers, chits, interest payments, messages, witnesses, or the blank cheques issued as security. The borrower cannot escape liability merely by denying the balance amount. However, your legal strategy will depend on the available evidence beyond the ₹3 lakh bond paper. Preserve all documentary and electronic evidence and initiate appropriate civil and, if applicable, cheque bounce proceedings after obtaining legal advice.
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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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