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Person took loan and went to abroad how to recover the money?
16-Jan-2023 (In Recovery Law)
A person took loan from some people and now at the time of returning money he flee to abroad and surety who is in India does not have money. How to recover in this case.
First and foremost, did you give the money under an agreement or contract? Second do you have documents to show that this person took the loan, failed to repay and is now absconding? If yes then you have a good case to seek recovery of money from the assets of the borrower. Even the assets of the surety can be attached and sold to recover the loan amount and interest. If you want to explore this possibility do get in touch
Helpful?
50+
50+
Adv. Shikhar Khare
Delhi | 100+ Answers
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You have any Memorandum or some thing which is writing then it can be recover but that is paper is duly attested by any of the court official then it be liable to court and the other thing what amount you have given to the surety person and the surety has said in the letter that if the person who take loan ot liable to pay then surety will give you all this you have in writing.
Helpful?
25+
25+
Adv. Sandeep Singh
Delhi | 100+ Answers
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