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What do if someone is not returning the money lent
27-Jun-2023 (In Recovery Law)
I live in Delhi and I lent Rs.1lakh to someone in Punjab through money transfer (Bank to Bank) to a 3rd person and the 3rd person gave money to him. Now he is refusing to give money back. His father is agree to give me in written on stamp paper against him. But the son is refusing to pay money. what to do if someone is not returning your money in india?
you should immediately send a legal demand notice also need a proof of the payment to the person and his details. incase he fails to reply you can innitiate proceedings against him in the court of law
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Adv. Palak Nenwani
Delhi | 100+ Answers
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Can we file FIR for not returning my money?
You can file a civil suit at the local district court in your district. The time limit to file a case in civil court is three years after the date you loaned money to your friend. Section 406 allows you to file a FIR at the police.
Where do I complain about someone who is not returning money?
Send him an official notice. Make a police complaint. Send him your own letters. You can then file a lawsuit for money.
What is the punishment for not returning money?
You can bring both civil and criminal actions against him to get the money. You can use both civil and criminal cases to pressure him. In a civil case, he must pay you compensation plus interest. If he is found guilty in the criminal case, he may be jailed.
What to do if someone doesn't return your money?
If the person fails to respond to your letter of demand within a reasonable time, you have the right file a lawsuit at any court. Please do not hesitate to contact an attorney through Vakilsearch if you are unsure of how to proceed during a dispute.
You can send him a legal notice and you will get your amount within 15 days. Dont delay to send the legal notice as you wont get it if delayed. Send the notice under section 138 of negotiable instruments act.
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Adv. Aman Khullar
Delhi | 100+ Answers
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Firstly you will send a leagl notice to raise your demand and gave him 15 days time then you will file a civil recovery suit against them before court and after filing the case the court issue notice to them
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Adv. Harmesh Kumar
Delhi | 25+ Answers
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The legal liability to return the money is with the person to whom you have sent money transfer. You cannot claim any amount IF you cannot prove the transaction was a legal one.
Try to negotiate coolly.
Try to negotiate coolly.
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Adv. Vijay Sahni
Delhi | 100+ Answers
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If someone owes you money and is not returning it, there are legal actions you can take in India. Here's what you can do:
- Send a Legal Notice: Start by sending a legal notice to the person who owes you money. The notice should clearly state the amount owed, a demand for payment, and a reasonable deadline for repayment. This step often prompts the debtor to settle the debt to avoid further legal action.
- Civil Suit: You can file a civil suit in the appropriate court. This legal action seeks to recover the money you are owed through a court judgment.
- Police Complaint: In cases where you suspect fraud or dishonesty, you can file a criminal complaint with the police. If the matter falls under criminal breach of trust or fraud, relevant sections of the Indian Penal Code (IPC) may apply.
- Consult an Attorney: It's advisable to consult with a lawyer to understand the specific legal steps you should take based on your situation and the amount of money involved.
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Adv. Chikirsha Mohanty
Delhi | 200+ AnswersCONTACT NOW
A criminal lawsuit can be filed by the borrower if they prove that the person who borrowed the money committed a criminal breach of trust. He can file a suit under Section 420 IPC, because the person he lent money to defrauded them. Also under Section 406 IPC, for Criminal Breach.
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Adv. Chikirsha Mohanty
Delhi | 200+ AnswersCONTACT NOW
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