10 rupees stamp paper 10 rupees stamp paper

5 years ago

one of my relative had taken a loan of rupees 15 lakh in cash for 6 months from me and did an agreement a 10 rupees stamp paper.but he did not return my money since one year.can i take action against him?

Ashutosh Pathak

Responded 5 years ago

A.No agreement is valid in 10 rupees stamp paper. Your agreement is just like a receipt of loan amount. So, you have right to file a criminal complaint and civil suit against the people.
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Johnson Thangiah

Responded 5 years ago

A.Sir,
You can file a civil case.
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Kishan Dutt Kalaskar

Responded 5 years ago

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A.Yes you can file money suit
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Abhimanyu Shandilya

Responded 5 years ago

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A.Hi,
See if you have got the agreement done then certainly you can enforce that agreement and recover your money. But the thing is that if you go for a civil case it will take a bit of time. So, my suggestion would be to somehow get a cheque from him and then go for cheque bounce case as in this way you can recover your money faster. You can speak to me if you want a details understanding on this.
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