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Q. Debt agreement

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Rakeshkumar taninki

posted 2 years ago

Q.Debt agreement
My brother has taken 50000 as debt through me from someother. Almost 12 months has gone. He was not paying interest and also debt amount. He signed on stamp paper. How can I proceed? What law will help me in this situation?

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Deepak Yashwantrao Bade

Experience: 10 Year(s)

Responded 1 year ago

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A. ) Send legal notice through lawyer if they deny to return money file money recovery suit

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Prabhakara S K Shetty

Experience: 20 Year(s)

Responded 1 year ago

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A. ) Law can only give a decision in your favour, but recovery is left to you and whatever means your brother has.

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Ved prakash Shaw

Experience: 39 Year(s)

Responded 2 years ago

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A. ) First serve demand notice.If he doesn't pay then u may file money suit in civil Court

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ROBERT D ROZARIO

Experience: 16 Year(s)

Responded 2 years ago

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A. ) Since he is your own brother, I would not suggest you to file a criminal case against him, or a civil suit for recovery of money. In both the cases, if you approach the court to interfere, your relationship with your brother will get sour. It's better to settle the matter amicably with him.

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Rakeshkumar taninki

Replied 2 years ago

Thank you sir.
Its an ancestor's property.
What to do in this case?

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Rajeev RJ

Experience: 18 Year(s)

Responded 2 years ago

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A. ) first you have issue a legal notice asking your brother to return the money with interest.

Regards

Rajeev
RJ Associates
Trivandrum

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