• Recovery of Money

Hello sir,
I have given money in terms of cash and obtained signature and thumb impression on draft. The content says that the money is given only for one month at the interest 2%. But already 4 months over, he is telling some reasons and postponing the recovery. Please help me.
Thanking you
Asked 3 years ago in Property Law from Bangalore, Karnataka
issue legal notice for repayment of cash advanced . in the event borrower fails to repay file summary suit for recovery of your money .
Ajay Sethi
Advocate, Mumbai
23079 Answers
1212 Consultations
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Hi, pls let me know on what document you have taken signature, whether it is cheque or promissory note, then only we will guide you how to proceed further.
Pradeep Bharathipura
Advocate, Bangalore
4104 Answers
133 Consultations
4.3 on 5.0
Since you have the evidence to prove the debt you should issue a lawyer's notice for repayment of the loan. If the notice does not yield the desired result then file a law suit for recovering your money.
Ashish Davessar
Advocate, Jaipur
18049 Answers
445 Consultations
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contact a local lawyer . remember to show loan advanced in your income tax returns
Ajay Sethi
Advocate, Mumbai
23079 Answers
1212 Consultations
5.0 on 5.0
Ok, then issue legal notice as suggested by brother advocate and then proceed further.
Pradeep Bharathipura
Advocate, Bangalore
4104 Answers
133 Consultations
4.3 on 5.0
Issue a legal notice to him and demand the amount that is to be recovered. in the event of his failure to comply with your demands, you can initiate action as per law by filing a suit for recovery.
Ananth Kumar
Advocate, Bangalore
122 Answers
57 Consultations
4.5 on 5.0

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