Loan on cash


My friend got a loan of 20 laks from his relative by cash. Not account transfer. Please let me know the implications.
 
Reply   
 

cash transition worth 20 lac is illegal, secondly in case other party deny then will be very tough to prove.
 
Reply   
 


Retired employee.

There is no risk to your friend who has borrowed such amounts, let the lender take his precautions.

 
Reply   
 

LEAVE A REPLY


    

Your are not logged in . Please login to post replies

Click here to Login / Register  



 

Search Forum:








×

  LAWyersclubindia Menu