Recovery of invested amount and agreement

5 years ago

Hi, I invested amount one of my friend's company in Nagpur(Maharastra) on Oct 2016 via payment mode cheaque and
few transaction done via online. I live in banglore. They had promised me that they will return profit amount in 15th of every month till
25 Months. initally , they gave me monthly profit amount for 4 months but now they are not giving any amount from 5 months
Even they promised me to give me agreement and but they did not give the same. Now they are saying that they will give
only prinicipal but they are not promising any exact date. Thay gave me false statement.
Please advise for legal action what can i take to get my invested amount?

Previous Question

Next Question

NILANJAN CHATTERJEE

Responded 5 years ago

A.file a police complaint for fraud and also file a recovery suit.

Helpful

Mohd Imran

Responded 5 years ago

A.you can file a suit for recovery of the amount given by you to them.
it would also be appropriate to file a police complaint against them stating all the facts and circumstances.

Helpful

Nirmal Chopra

Responded 5 years ago

A.U can file a civil suit for recovery of money.It will depend upon nature of transaction that criminal case can be registered or not.seek personal consultation for more appropriate advice by showing all relevant documents.

Helpful

Anonymous

Replied 5 years ago

Thanks sir for the response ..My location is Banglore..Let me know how can i proceed or contact in Banglore?

Nirmal Chopra

Replied 5 years ago

U can seek my services by way of legal opinion by sending documents online through Vidhikarya .rest is your choice

Read Related Answers

Recovering Loan given to a Friend

Dear sir As cheques are undated you can file cheque bounce case which is financially feasibly and you need not pay any court fees.

Credit card payment

Dear Client, You can try to negotiate a debt settlement with the Bank on your own if your pocket permits to repay the entire outstanding of your credit cards at a time for a one-time settlement of du...

Joint account Chaque with minor signature only

Dear Sir, Please check whether cheque is acceptable with the signature of minor normally it is not acceptable. Please get an endorsement from the Bank and then get issue a legal notice as provided und...

Cheque and pronote

Dear Sir, You have done a blunder mistake. However, you may approach the Police and lodge a complaint of cheating for not returning your cheque leafs and pronotes. Even if no action is taken by the Po...

Cheque and pronote

Dear Client, In the given scenario, lodge a missing complaint of cheque leaves and pro-notes at the Police Station and also lodge an FIR against the person for cheating under Sec.415 of IPC. which may...

Read Blogs on Debt and Lending Agreement

MSME DEBT RECOVERY PROVISIONS

Problem of NPA in Indian Economy

Debt and Lending Agreement Lawyers

Kolkata

Bangalore

Mumbai suburban

Pune

North Goa

Type of Consultation	Fees
Phone Consultation	₹	Not Yet Updated
Meeting Consultation	₹	Not Yet Updated
Email Consultation	₹	Not Yet Updated
Video Conference	₹	Not Yet Updated
Request for quotation from the Lawyer.