Money debt
2 months ago
One of my relatives took a debt of ₹4 lakhs and is refusing to pay it back to me...and i have a bond paper where it's written that he'll pay me on a date ...and that date has gone...what should i do now?
A.Dear Client,,
Based on the Bond, you can serve a legal notice to the person demanding payment of the loan failing which you have to file a money suit against your relative in the Civil Court. Reach out to an Advocate for guidance and steps.
Based on the Bond, you can serve a legal notice to the person demanding payment of the loan failing which you have to file a money suit against your relative in the Civil Court. Reach out to an Advocate for guidance and steps.
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A.Dear Client,
Person who is owed money has the option to take legal action. This may include filing a lawsuit, or requesting that the money be transferred to a bank account. There are specific laws that govern these different actions, and each situation will be different.
1. Make sure you have all of the information necessary to file a lawsuit. This includes the name of the person who owes you money, the amount that is owed, and any documentation that supports your claim (e.g. canceled checks, emails)
2. Try to negotiate with the person who owes you money. If they are willing to pay back what they owe you in full, it may be easier to avoid taking legal action. If they refuse to pay, however, it may be necessary to file a lawsuit.
Person who is owed money has the option to take legal action. This may include filing a lawsuit, or requesting that the money be transferred to a bank account. There are specific laws that govern these different actions, and each situation will be different.
1. Make sure you have all of the information necessary to file a lawsuit. This includes the name of the person who owes you money, the amount that is owed, and any documentation that supports your claim (e.g. canceled checks, emails)
2. Try to negotiate with the person who owes you money. If they are willing to pay back what they owe you in full, it may be easier to avoid taking legal action. If they refuse to pay, however, it may be necessary to file a lawsuit.
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