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Recovery of money lent to friend


12-Jul-2023 (In Recovery Law)
I loaned 10K to a friend around 2 months ago but he is not paying back. What are the cost-effective legal remedies I have at my disposal?
Answers (3)

Answer #1
781 votes
First of all rather than going legally you should serve them a legal notice and in that notice you can write that either refund my money or face legal action which will be at your own risk. After that if he fails to give you a satisfactory reply then you can anytime file a recovery suit in the court to claim your money back along with compensations. For more legal assistance I am just a call away.
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Advocate Jitender Singh

Adv. Jitender Singh

LawRato Delhi | 1000+ Answers
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Answer #2
939 votes
Please send him a legal notice for recovery this is the only cost effective legal remedy you have . please share more details via this site thanks and regards Advocate Harish Kaushik Supreme court of india
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Dr. Harish Kaushik

Dr. Harish Kaushik

LawRatoDelhi | 25+ Answers
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Answer #3
765 votes
You can demand the money back by sending him legal notice through an Advocate, or You can also file a complaint against him in respect of criminal breach of trust, from drafting of same you can contact me.
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Advocate Mohit Rajput

Adv. Mohit Rajput

LawRatoDelhi | 100+ Answers
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