Loan amount not returned
3 years ago
My friend had taken money for emergency as a loan nd promised to return with interest but still now I have not received single rupee from him not even interest its been month he is telling I vl pay thats it
A.Hi,
You can serve him with legal notice to repay and then file a civil suit for money recovery is he fails to comply.
If you found this helpful, please rate us.
You can serve him with legal notice to repay and then file a civil suit for money recovery is he fails to comply.
If you found this helpful, please rate us.
Helpful
Helpful
Share
Ayantika Mondal @ Prime Legal
Responded 3 years ago
A.Hi,
The best thing to do is to serve him with legal notice to repay and then file a civil suit for money recovery is he fails to comply with your notice.
If you found this helpful, please rate us.
The best thing to do is to serve him with legal notice to repay and then file a civil suit for money recovery is he fails to comply with your notice.
If you found this helpful, please rate us.
Helpful
Helpful
Share
A.If you have any evidence of giving him money then issue an legal notice or else ask him to give it in writing, regarding the repayment of money within a time frame or get a PDC if not received till now , And request him to pay the interest immediately.
Helpful
Helpful
Share
DIYAVARHUSSAIN SHAIK
Responded 3 years ago
A.Dear Client
If you have any valid proof with you that you have given a sum as credit to your friend then issue a notice to him later initiate legal proceedings in court
If you have any valid proof with you that you have given a sum as credit to your friend then issue a notice to him later initiate legal proceedings in court
Helpful
Helpful
Share
Read Related Answers
Complaint regarding not refunding fees.
Dear Client,
It's essential to communicate clearly with the center about your request for a refund and to provide any necessary documentation, such as receipts or enrollment agreements, to support y...
Insolvency
Dear Client,
Under the Provincial Insolvency Act, 1920 (which is now repealed as IBC Code 2016), you can file for bankruptcy if you are unable to repay a debt greater than ₹500. After analyzing whethe...
How to get stay order of property possession taken by NBFC
Dear Client,
Sub-section (3A) of Section 13 of the SARFAESI Act was introduced by way of an amendment in the year 2004 whereby (3A) the borrower is allowed to make representation or raise an objectio...
Patient Defaulting payment
Dear Client,
A trade discount was allowed on the treatment package when the patient agreed with the condition of taking both sessions of treatment. So, in breach of said condition, the patient cannot...
Third party loan
Dear Client,
In the given situation, file a complaint against the third-party loan app and its recovery agents in the local Police Station and lodge a complaint online to the Cyber Crime Cell endorsi...
Read Blogs on Debt Collection
Debt Collection Lawyers
Find Lawyers by Location