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Cupid Cupid (CRM)     01 November 2017

How to trace bank deposits

Hi,

A friend of mine has taken hand-loan from me. Because, its a friend, I did not make any agreement on this loan with borrower.

However, off late, he is ignoring me and does not answer my calls either. When asked about returning money back / repaying the load, this gentleman now says he is bankrupt and has got no money to repay.

I am thinking of taking legal route collect my funds. However, I have no clue about his savings / bank acount details whatsoever. He has a grocery store which does good business.

Are there any government / private institutions that I can reach to get his savings details across banks? It may be any banks in Bangalore.

Please advise.

Thanks in advance.



Learning

 1 Replies

Vikas Hedau (Advocate)     02 November 2017

loan given by cheque or cash ?? if cheque you can file recovery suit, but if u had given him in cash you are in big trouble in absence of loan agreement or reciept of any payment to your friend.


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