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Recovery of Money of the invested amount of mine


27-Mar-2023 (In Recovery Law)
A person took an amount of rs.169000 for 69 days at 100% interestnHe took all amount and scammed and not returning amount. He is only delaying the dates for payment.I want my money back. nWhat all should i do?
Answers (5)

Answer #1
521 votes
In this scenario, a recovery suit has to be filled to recover the amount with an interest rate of 18%. You need to give the proof of giving amount to the party. And before that a legal notice has to be given to the party to pay the amount
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Advocate Mukul Goel

Adv. Mukul Goel

LawRato Delhi | 25+ Answers
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Answer #2
969 votes
Hello First of all you need to send a legal notice for recovery of your due amount. If he doesn't return your money with rate of interest by the deadline then you can institute either a recovery suit or a summary suit for the same. Thank you
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Advocate Malini Jain

Adv. Malini Jain

LawRatoMumbai | 50+ Answers
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Answer #3
547 votes
If you have proof in the form of a loan agreement you may seek to enforce that for recovery of the money along with interest. However, if you are of the opinion that this was a scam, you should consider lodging an FIR at your local police station alleging cheating. Please feel free to contact me for further assistance
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Advocate Kunal Srivastava

Adv. Kunal Srivastava

LawRatoDelhi | 100+ Answers
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Answer #4
576 votes
If he’s not listening to you then you can send him a legal notice and in that notice you can write either refund my money back along with compensation or face legal action. And if want to go legal then you can always forward a written complaint to the police station of your area. For more legal assistance I am just a call away.
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Advocate Jitender Singh

Adv. Jitender Singh

LawRatoDelhi | 1000+ Answers
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Answer #5
843 votes
You need to file complaint against him at concerned police station followed by suit for recovery ! You need to hire expert advocate to draft the complaint and to get the case admitted! Kindly b in touch to understand the legalities’ Thanks
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Advocate D. Khan

Adv. D. Khan

LawRatoDelhi | 1000+ Answers
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