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Recovery of hand loan

(Querist) 31 October 2014 This query is : Resolved 
Dear sir I had given Rs 50,000/- as a hand loan to a person with note on Rs100 bond it happens 6months back he is unable to return the money now he is just postponeing from last two months so kidly advice me to recover the same. Note (bond matter is iam xxx s/o xxx received an amount of rs 50k from xxx s/o xxx i will return the same on deman with 15days prior notice to me this thing has written in bond)
V R SHROFF (Expert) 31 October 2014
ISSUE NOTICE OF DEMAND.

tHEN AFTER A MONTH, FILE CIVIL SUIT SUMMARY SUIT FOR RECOVERY OF MONEY IN COURT.
Sudhir Kumar, Advocate (Expert) 31 October 2014
No other way.Please intimate if there is any mortgage.
Rajendra K Goyal (Expert) 31 October 2014
Agree with the experts.
Advocate Bhartesh goyal (Expert) 31 October 2014
Ahgree with Mr Shroff.
Guest (Expert) 31 October 2014
If Possible in a Polite Manner Collect A Cheque for the Amount Due To You and the date of cheque could be decided by him..Collect Also A Simple Cheque for Rs100/-Cash cheque on present date to see the genuinity of A/C and his Signature.Handle this Carefully.Then you could handle the same Legally with the help of Local Advocates
ajay sethi (Expert) 31 October 2014
agree with Mr shroff
Devajyoti Barman (Expert) 08 November 2014
rightly advised by Shroffji.


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