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Person refusing to pay the borrowed money on stamp paper


05-Feb-2023 (In Recovery Law)

i gave a person some money. all are written on rs 10 stamp. in stamp also written that he paid interest on borrowed money . but a local lawyer tell me that it is illegal without having license to do a interest based business and also there is no value of rs 10 stamp. so what can i do to recover my money. i have also send him notice. but not responding.

Answers (1)

Answer #1
680 votes
Local lawyer told to you correct and for a business of Money Landing a license is required. But there are many ifs and buts and so many ways to overcome this problem. You can file a recovery suit. no problem. Rs 10 stamp also not a big problem.

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