Not refunding the money which was lent to someone
4 years ago
I had lent a good amount of money to some one who was in problem that time. He committed to refund the money in a week. but it has been more than one year past, but I have not got the money back.
Can I take any legal action against him. Is their chance to get the money back if I complaint to Police station. Please advise.
Regards
sameer Kumar
Shreyash Mohta
Responded 4 years ago
A.Send him a legal notice and then look for legal recourse.
Helpful
Helpful
Share
A.Dear Sir,
You can get issue a legal notice and file a suit for recovery of amount.
You can get issue a legal notice and file a suit for recovery of amount.
Helpful
Helpful
Share
Anonymous
Replied 4 years ago
Please suggest how to approach in this matter because I am a layman about law. Please advise step by step process.
Regards
Samir Joardar
Read Related Answers
Credit card
Dear Client,
You can try to negotiate a settlement of your credit card dues with the Banks on your own if your pocket permits and the bank agrees, but sometimes it's typically done through third parti...
Harrassment and verbal attack on personal misfortune by Bajaj Finserve TVM
Dear Client,
As per the contractual obligation you are bound to repay the loan but the creditors have no right to harass you to recall the amount, there are rules set as per RBI guidelines as to how...
Complaint regarding not refunding fees.
Dear Client,
It's essential to communicate clearly with the center about your request for a refund and to provide any necessary documentation, such as receipts or enrollment agreements, to support y...
Insolvency
Dear Client,
Under the Provincial Insolvency Act, 1920 (which is now repealed as IBC Code 2016), you can file for bankruptcy if you are unable to repay a debt greater than ₹500. After analyzing whethe...
How to get stay order of property possession taken by NBFC
Dear Client,
Sub-section (3A) of Section 13 of the SARFAESI Act was introduced by way of an amendment in the year 2004 whereby (3A) the borrower is allowed to make representation or raise an objectio...
Read Blogs on Debt Collection
Debt Collection Lawyers
Find Lawyers by Location
