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Person who borrowed money died & family declining to return the money


13-Nov-2023 (In Recovery Law)
I am an individual person who had lended 12 Lacs to a person through common friend. All the transactions were made through bank NEFT/RTGS. We did not register an agreement as it was through a common friend but the person gave original documents of land & 2 post dated cheques as gurantee. The person has died & his family is denying to pay back the money. Please guide how can I recover my hard earned money? All the parties involved are Hindu. I also have few call recordings of the discussion.
Answers (2)

Answer #1
502 votes
Well, you can use the Original Land Agreement given to you as security by using it for auctioning or for using that land for personal use by showing it to the concerned authorities, that, the land now belongs to you due to default of the person and his family who took loan from you.
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Advocate Pankaj Bajaj

Adv. Pankaj Bajaj

LawRato Mumbai | 1000+ Answers
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Answer #2
949 votes
hello advocate Minakshi Ovhal-Dakhane here. you can file money recovery suit against legal heir of deceased . or you can file summary suit against theirs. for further legal information you can call me. Thank you.
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Advocate Minakshi Bapu Ovhal Dakhane

Adv. Minakshi Bapu Ovhal Dakhane

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