Promissory note

Ramana (Querist) 09 July 2017 This query is : Resolved
My friend has given loan to X in 2015,where promisory note written by son of X and signed as bikalam(promissory note written by),now X has expired in 2016....what legal action my friend has to follows

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Advocate Bhartesh goyal (Expert) 09 July 2017
Issue legal notice to son of X and demand the loan amount with interest.if son of X does not comply with notice than file recovery suit against son of X on basis of promissory note which was written by son of X.

Rajendra K Goyal (Expert) 10 July 2017
Send legal notice and file case for recovery.

Dr J C Vashista (Expert) 10 July 2017
You will agree the son has not executed/signed the promissory note, which is a Negotiable Instrument and no case can be made out against LR of the deceased for a negotiable instrument.

Let your friend seek opinion/ from a local lawyer; if the story is true and not an examination.

Ramana (Querist) 11 July 2017
Its true,promissory note written by son,signed by father(X),
As father is taking money

krishna mohan (Expert) 11 July 2017
Son will not be liable. You may visit the following link for similar query made and answered by legal experts https://www.kaanoon.com/100489/liability-of-legal-heirs-when-father-dies .. check this link it has answered similar query.