Hand loan agreement validity in police station/court

6 years ago

I alongwith three of my friends had lended money to another friend amounting to 4,00,000 INR in total last year in the month of October and November 2017. He has been giving numerous excuses from then on when it comes to returning the money back to us. We waited, however, nothing came to fruition till now. In month of March 2018, we decided to make a hand load agreement, an affidavit, which stated, alongwith the details of the money he owes us individually, that the borrower would return the money by 1st April 2018. The borrower and we signed the agreement. The borrower hasn't paid a fraction of the amount yet and we don't have the idea how to proceed with it. Some people say that the affidavit isn't gonna work in the court/police station and that a notary would have been valid. Therefore, I need to know from you if the affidavit signed by us will hold valid in the police station/court. What do we do if the police or court doesn't accept it?