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Dear Sir,
Just take cheque for the amount and file a cheque bounce case. If you have not having cheque then approach Police and try to get post dated cheque from the customer.

Dear Client,
As per the RBI Guidelines, Banks/NBFC/FI are advised to ensure that the contracts with the recovery agents do not induce the adoption of uncivilized, unlawful, and questionable behavior or recovery process. In the context, reference is invited to (a) Circular DBOD.Leg.No.BC.104/ 09.07.007 /2002-03 dated May 5, 2003, regarding Guidelines on Fair Practices Code for Lenders (b) Circular DBOD.No.BP. 40/ 21.04.158/ 2006-07 dated November 3, 2006, regarding outsourcing of financial servi

Dear Client,
In case, a provision for resolving the dispute through arbitration under the Arbitration and Conciliation Act, 1996 exists in the credit card transactions/personal loan agreement, before marking dues or loan as bad loan/NPA, the lender exhausts its course of action as stipulated in the loan agreement and send a Notice under Section 21 of the Arbitration and Conciliation Act, 1996 to the borrower who failed to repay his/her debt/dues against credit card or loan to resolve the matter

Dear Client,
In the absence of any documentary evidence behind the transaction of money between you and your friend, no legal remedy is accessible to your friend as of now even through litigation. However, you can serve a legal notice to your friend asking him to refrain from such kind of threat, otherwise, a complaint for criminal intimidation under Section 351 of BNS shall be lodged in the police station and the matter may be informed to the concerned regulatory authorities including State Re

Dear Client,
In India, money lenders are governed by the Money Lenders Act, 1957 in different states. Any individual/organization engaged in a money lending business must hold a license from the appropriate authority such as the RBI or the State Legislature. A money lending license is usually granted by the Revenue Department of the respective state government in compliance with the provision of the Money Lenders Act and the state-specific rules. If any person or a group of persons is involved

Dear Client,
In the absence of any documentary and cogent evidence behind the transaction of money between you and your friend, no legal remedy to recover the money is feasible even through litigation. However, you may serve a legal notice to your friend demanding back the money lent to him which may work or may not work.

Dear Client,
A dispute between traders or businessmen is considered a commercial dispute and the remedy lies with the Commercial Court constituted under the Commercial Court Act, 2015. A commercial dispute is a disagreement relating to trade or commerce between two or more stakeholders. These disputes generally arise in relation to contract terms and conditions, fiduciary duties, or intellectual property rights, and may be settled through court proceedings or alternative dispute resolution(ADR)

Dear Sir,
He has to go legally by filing money recovery suit or cheque bounce case and cannot take the law into his hands and threaten you. You may lodge police complaint if not accepted then file private complaint and also suit for permanent injunction.

Dear Client,
A borrower of a loan or debt is held personally liable for his or her debt for non-payment of the outstanding amount of the loan and it is his or her paramount obligation to write off the debt/loan. There is no escape route to get rid of your liability. Once the repayment of the loan stops or bounces for consecutive 3 occasions the Bank initiates a routine course of legal action for recovery of the loan from the borrower marking the loan as a bad loan/NPA and offering the borrower

Dear Client,
In India, money lenders are governed by the Money Lenders Act, 1957 in different states. Any individual/organization engaged in a money lending business must hold a license from the appropriate authority such as the RBI or the State Legislature. A money lending license is usually granted by the Revenue Department of the respective state government in compliance with the provision of the Money Lenders Act and the state-specific rules. If any person or a group of persons is involved