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Money given through bank account and no document


13-Sep-2023 (In Recovery Law)
Me and my wife gave 10.5 Lakhs to a close friend through Bank transfer in Feb2019 (3 yr ago) from both account. There is no promissory note. Friend mentioned he is going to use for a shop and will share profits etc but no note is written between us. Later he mentioned shop closed due to covid and all loss and deny to return any money. we have not got any money from shop as well and no idea of that closure due to covid situation earlier. Now can we file suite against him with the evidence of tran
Answers (1)

Answer #1
829 votes
When ever he are giving money to others then you need to take a promissory note an in your case you not taken any promisory note buy you have transactions details I suggest you approach an advocate he will send a legal notice and wait for reply if not so you can file a case...
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Advocate Rajkiran Govindcar

Adv. Rajkiran Govindcar

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