Money for trading
5 months ago
My friend borrowed 1 lakh from me for trading or online betting.
He said that he would return it as 1,40,000 in one month.now it had become 10 months.he hasn't even returned the principle amount.can I get the full amount along with the extra money he offered?
A.Dear Client
Start by communicating with your friend and reminding them of the loan. Try to understand their situation and see if an alternative repayment plan can be arranged. Send a formal written notice or email detailing the terms of the loan, the amount due, and the agreed-upon repayment schedule. Mention the consequences of not repaying the loan, such as legal action. If your friend still doesn't comply, you may consider taking legal action.
Start by communicating with your friend and reminding them of the loan. Try to understand their situation and see if an alternative repayment plan can be arranged. Send a formal written notice or email detailing the terms of the loan, the amount due, and the agreed-upon repayment schedule. Mention the consequences of not repaying the loan, such as legal action. If your friend still doesn't comply, you may consider taking legal action.
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