• Recovery of money

i gave to a person 2 lakh rupees in 2004. i am from village ,i have  only informal record (just on a diary ) of that but the person signed there. Money was given on some interest rate it was also mentioned in that informal record .Now that person is refusing to pay principal + interest.

How can i recover my money? would informal record stand in the court?

thank you.
Asked 2 years ago in Criminal Law from Kolkata, West Bengal
No, you can not recover as the same is time barred.feel free to call.
S.P. Srivastava
Advocate, New Delhi
703 Answers
13 Consultations
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no
Rajeev Bari
Advocate, New Delhi
1506 Answers
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File cheating  case against that borrower  in local court with  support of that diary.
Soumya Kundu
Advocate, Kolkata
87 Answers
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you can initiate criminal case against him
Avdhesh Chaudhary
Advocate, Greater Noida
565 Answers
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Informal record may have helped you in court if you had brought the legal action within time. 10 years have passed since you gave the money to your friend. You have no case now against him.
Ashish Davessar
Advocate, Jaipur
18088 Answers
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Even a criminal case cannot be filed now. Forget the amount lent as a bad debt.
Ashish Davessar
Advocate, Jaipur
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Any civil case for recovery of the said money has now become barred by limitation.
Krishna Kishore Ganguly
Advocate, Kolkata
12104 Answers
229 Consultations
5.0 on 5.0

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