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Recovery of loan from a friend


01-Aug-2025 (In Recovery Law)
Dear dir I am writing to seek your advice on how to recover a sum of 5 lakh rupees that I loaned to a person in my area. I write the cheque,the amount via cheque, which they subsequently withdrew in cash. However, they have since disappeared, and their family claims they are nowhere to be found. I suspect this is not the case, as their family seems unconcerned about locating them. And he also gave me a signed cheque for as a security Could you please advise me on the steps I
Answers (2)

Answer #1
522 votes
Pl present cheque as soon as possible, let it be dishonored and bounced after that within time frame legal notice to be sent followed by cheque bouncing case us 138 , u will get ur money with interest contact
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Advocate Vipin Kumar Tyagi

Adv. Vipin Kumar Tyagi

LawRato Lucknow | 25+ Answers
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Answer #2
608 votes
once you deposit the cheque and it get dishonoured. you can take further steps for recovery of the money paid by initiating the cheque bounce case for recovery of the money. That should be the strategy going forward. for more precise information would require further information.
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Advocate Rishay Raj

Adv. Rishay Raj

LawRatoDelhi | 25+ Answers
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