loan recovery

singaravelan.j (Querist) 08 September 2013 This query is : Resolved
I have give loan of 8 lakhs to a lady against 2 DPN and 2 cheque leaves for 2 months she is not giving int also not giving principle what can i do now she has owned ancenstrial property ( worth of 60 lakhs) with her 3 brothers and her mother her father is experied can i legally attach her share of property for my loan

Follow Query

Report Abuse

R.K Nanda (Expert) 08 September 2013
first send legal notice to her and demand ur money failing which u can file summary recovery suit in court within 3 years from date of 2DPN.

ajay sethi (Expert) 08 September 2013
contact a local lawyer .i hope loan has been adavnced by cheque and not cash . if lady has refused to pay the money deposit the cheques issued by her . then issue legal notice on dishonour of cheque . file complaint under section 138 Ni . also file asummary suit

Sudhir Kumar, Advocate (Expert) 08 September 2013
meet local lawyer immediately with all papers.

Rajendra K Goyal (Expert) 08 September 2013
Well advised by the experts. You have got adequate security, consult a local lawyer with all the documents.

singaravelan.j (Querist) 08 September 2013
thanks you sir for your valuable replys

R.K Nanda (Expert) 08 September 2013
ur welcome.

Raj Kumar Makkad (Expert) 09 September 2013
Your problem requires study of your documents so better to avail the services of a local lawyer and initiate your course of action as per his advice.

Guest (Expert) 09 September 2013
DPNs and cheques of the lady woul bear the value if the loan was advanced through cheque, not in cash.

ajay sethi (Expert) 09 September 2013
thanks for your appreciation

Previous

Next

You need to be the querist or approved LAWyersclub expert to take part in this query .

Click here to login now

Similar Resolved Queries :

Ask Query
Unanswered Queries