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Subject: Legal Advice on Money Recovery – Fraud Case


01-Mar-2025 (In Recovery Law)
Dear Sir, I need legal guidance regarding a financial fraud case. I had taken a personal loan of ₹4,00,000 and transferred it to a person who assured me that he would invest the amount in a direct selling company. Additionally, he made purchases in my family’s name without providing bills. Later, he falsely claimed that the purchased goods were worth ₹4,00,000, whereas in reality, they were not. I only received about ₹80,000 in my family’s bank account. He had promised that I would receive a h
Answers (4)

Answer #1
987 votes
First of all rather than going legally you should serve him/her a legal notice and in that notice you can write that either pay my money or face legal action which will be at your own risk. After that if he/she 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.
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Advocate Jitender Singh

Adv. Jitender Singh

LawRato Delhi | 1000+ Answers
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Answer #2
519 votes
you need to file a civil suit for Recovery of money where the cause of action occured kr where defendant resides along with transaction proof . be prepared to give court fees . your amount would be refunded along with interest
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Advocate Vinay Redhu

Adv. Vinay Redhu

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Answer #3
520 votes
If it’s a friendly loan given for whatever reasons, then you we have to issue demand notice followed by suit for recovery ! We also need to evaluate the evidences. Kindly n in touch to understand the legalities in this regard ! Thanks
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Advocate D. Khan

Adv. D. Khan

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Answer #4
639 votes
you need to file money recovery suits against them. for money recovery suits , you have to send a legal Notice . after the receipt of the legal Notice , if he does not pay then you can file a case. and you can complain to the magistrate for direction to the police to register the fir
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Advocate Mukesh Kumar Sah

Adv. Mukesh Kumar Sah

LawRatoDelhi | 200+ Answers
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Disclaimer: The above query and its response is NOT a legal opinion in any way whatsoever as this is based on the information shared by the person posting the query at lawrato.com and has been responded by one of the Divorce Lawyers at lawrato.com to address the specific facts and details.

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