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Remedy for recovery of loan lent as cheque given as security expires
18-May-2023 (In Recovery Law)
I have given a loan of 2.2 cr to a person. He gives me 3 security cheques of 60L, 60L and 1 crore amount dt. 14.06.2017. but now he deny to pay and cheque date also expires and filed a complaint against me. what can I do now.
Sir what type of complaint he filed against you? do not worry if date of cheques has been expired, you can file suit for recovery against him for recovery of your money. There is three years time for filing this suit.
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Adv. Arun Samota
Bhiwani | 25+ Answers
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You must file a recovery very suit against him. Please join the investigation in police but only after taking the Anticipatory bail. You can file suit for recovery of money within 3 years. Therefore be careful with limitation this time.
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Adv. Pradeep Kumar Khatana
Gurgaon | 25+ Answers
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Do you have any written agreement or promissory note for the loan amount you lent?
If you have any written receipt or promissory note then you can file a recovery suit.
You have to share certain other details, like about written agreement and any other documentary proof.
If you have any written receipt or promissory note then you can file a recovery suit.
You have to share certain other details, like about written agreement and any other documentary proof.
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Adv. Satish Rathi
Gurgaon | 25+ Answers
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