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Refusing to repay loan given by me to my nephew.


22-Feb-2023 (In Recovery Law)
Can I recover the amount of Rs. 100000 given as loan to my nephew in 1997? Despite my efforts,he is reluctant to pay back the amount. I have the demand drafts by which he had taken the amount under his signature.
Answers (1)

Answer #1
849 votes
it seems to be a time barred loan. so you can't initiate civil proceedings but you may proceed under criminal law by initiating proceedings under section 420 of Indian penal code. you have to file a criminal complaint for initiating proceedings
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