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What to do if someone is not returning your money in india


04-Jul-2024 (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? Please also tell me, IPC / BNS section for not returning money. What is the punishment for not returning money?
Answers (4)

Answer #1
992 votes
If he has not returned your money in India, you should immediately send a legal demand notice. You would also need 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, for recovery of money. This is a civil remedy. 

For a criminal punishment to the offender, one can file a case under BNS for fraud, if you were defrauded. However, the lawyer can decide the course of action once more information on your case is given. 
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Advocate Palak Nenwani

Adv. Palak Nenwani

LawRato Delhi | 100+ Answers
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Answer #2
728 votes
Firstly you will send a leagl notice to raise your demand and give him 15 days time and if they do not return your money in India still, 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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Advocate Harmesh Kumar

Adv. Harmesh Kumar

LawRatoDelhi | 5+ Answers
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Answer #3
523 votes
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.
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Advocate Vijay Sahni

Adv. Vijay Sahni

LawRatoDelhi | 50+ Answers
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Answer #4
576 votes
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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