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My friend not paying money to me which he takes from me


30-Dec-2023 (In Recovery Law)
My friend has a comatee business i which we give money and he pays 1.5 percent interest monthly,from last 1.5 year he refusing to give my principal amount back and even interest not giving.i have no paper work just have some call recording in which he is saying I will give,and I can arrange a video call
Answers (4)

Answer #1
712 votes
First of all rather than going legally you should serve them a legal notice and in that notice you can write that either pay my money or face legal action which will be at your own risk. After that if he fails to give you a satisfactory reply then you can anytime file a recovery suit in the court to claim your money back along with compensations.
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Advocate Jitender Singh

Adv. Jitender Singh

LawRato Delhi | 1000+ Answers
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Answer #2
897 votes
You will need to file for a recovery suit for getting back the money or specific performance to give you interests. Also there are other criminal remedies. It shall take a minimum of a years time depending upon what you choose.
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Advocate Maaz Akhtar

Adv. Maaz Akhtar

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Answer #3
651 votes
Comatee money is not recoverable You need to hire expert advocate in this regard We need more information on your case to evaluate things from legal point of view. You need to hire an expert advocate in this case, kindly be in touch to discuss and to understand the legalities in this regard. Thanks.
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Advocate D. Khan

Adv. D. Khan

LawRatoDelhi | 1000+ Answers
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Answer #4
568 votes
I understood your concern and we can send him a legal notice for recovery of money along with interest and if he fails to refund the money then we can prefer a suit for recovery before the appropriate court of law
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Advocate Alankrit Bhatnagar 

Adv. Alankrit Bhatnagar 

LawRatoDelhi | 100+ Answers
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