Recovery and possession
5 years ago
I had lended 75 Lacs (10 L in bank and rest in cash) to a family friend of mine on basis of 1% monthly interest for an year , taking his shop as mortgage.
(The shop is now registered in my mother name with a proper sale agreement registered in front of the registrar) , He is using the shop as my tenant (registered rent agreement) .
He is unable to pay me any more but is in good talking terms. What documents should i get signed from him as to which later he or anyone doesn't trouble me getting the shop vacated? Also the net worth of the shop is 50 L and hence i m in loss of 25 L , to recover these should i take blank cheques? will they show in court if i file a recovery suit? Please answer in details.
ROBERT D ROZARIO
Responded 5 years ago
Deepak Yashwantrao Bade
Responded 5 years ago