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Recovery of friendly loan without documents


23-Aug-2023 (In Recovery Law)
I have lend money to a friend through a loan app from my bank account to his bank account. As the transaction was done from one bank account to other, will it be sufficient as an evidence they I have lend the money to the borrower. Based on this, can I send the legal notice for recovery in case the need arises.
Answers (2)

Answer #1
586 votes
Greetings for the day, In this situation it will in your interest to send that person a legal notice demanding your money and if that person fails to return the borrowed amount than you must approach the civil court and file a suit for recovery.
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Advocate Deepak Sharma

Adv. Deepak Sharma

LawRato Faridabad | 200+ Answers
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Answer #2
668 votes
yes you can send a legal notice for the recovery of the amonuf you sent online and if there is any cheque then place the cheque for clerance and if and after word you can file a 138 ni act conplaint if there is cheque or not then you can simply file a suit for recovery of the amount you lend
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Advocate Gurudeep Saini

Adv. Gurudeep Saini

LawRatoGurgaon / Gurugram | 25+ Answers
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