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Ashok Vohra

Ashok Vohra

Wrote on 13 September 2017  

A friend credited a sum of money in another friend's account as a help or gift. But after six years their relationship became sour.After this the friend who gave money asked for his money which he earlier gave as gift or help. Now he is demanding amount with interest.There are no documents as such.My query is that if this transaction can be termed as loan after six or more years. Kindly reply with all the possible angles . Although the other friend has verbally agreed to pay back the amount credited in his account in installments.But the giver is adamant for interest also and has doubled the amount by himself. Please advise Thanks

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