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Need to recover money (8 lakhs)


24-Jan-2023 (In Recovery Law)
I had given loan to one friend for around 8 lakhs(Cash) not proof of payment done. I have his blank checks, the loan contract on promissory note, videos. I want to know if this can be contested and if it's worth while
Answers (4)

Answer #1
502 votes
Yes if u can recover the amount if u r true n have really given the amount ! You can initiate on or both the cases like 138 and order 37 Keep the evidences in original form Kindly b in touch to understand the legalities
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Advocate D. Khan

Adv. D. Khan

LawRato Delhi | 1000+ Answers
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Answer #2
884 votes
You have to serve him a legal notice first and then a recovery suit will be maintainable if necessary. And if you have got his blank cheques then you can always get them bounced and also initiate him with the cheque bounce case under section 138 NI Act. For more legal assistance I am just a call away.
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Advocate Jitender Singh

Adv. Jitender Singh

LawRatoDelhi | 1000+ Answers
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Answer #3
689 votes
Hello Sir. This is Adv. Shrikant Samantara. The answer to query is herein below: First of all you can definitely contest this matter before court. We just need to prove your paying capacity to your friend in addition to the promissory note. 3 ways in which you can contest this matter: 1. You can present the cheque of 8 lakhs in the bank.. if the cheque gets dishonored, you can file a criminal complaint case against your friend. 2. You can present the cheques into divided amount (say 2 cheques will of 3 lakhs each, and one cheque will of 2 lakhs)Similarly, if the cheques get dishonored, you can file a criminal complaint case. 3. On the basis of promissory note and dishonored cheques, you can file a civil suit for recovery of money. Regards.
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Advocate Shrikant Samantara

Adv. Shrikant Samantara

LawRatoDelhi | 100+ Answers
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Answer #4
839 votes
you have cheque of your friend than just file cheque bounce case you can also file civil recovery case but it's good if you go with cheque bounce case.. contact us for more legal advice if your case is from delhi
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Advocate Ankush Chaudhary

Adv. Ankush Chaudhary

LawRatoDelhi | 200+ Answers
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