How to get my money back
Querist :
Anonymous
(Querist) 31 December 2010
This query is : Resolved
Sir,
One of my friend had borrowed about 16 L rs from me, in past 2 years time. Some of this amount was given for investment as he was after me that he can get me better returns(He Deals in share market),and sometime when he was in crisis. For the past 20 days he suddenly stopped taking my calls on his mobile,also i tried to contact him from different numbers but he never picks up call. ring goes and sometimes when i call from my number call gets disconnected by other party.
When i call his home,no one picks up call
there is no response to my sms, mails anything.
I asked him togive me emi (some personal loan) i took for him (for which till last year he was paying me EMI regularly)for JAn month, there is no response from his side.
What should i do, I have a doubt that he might vanished with my money and now he is doing it purposely.
I know someone who spoke to him 2 times in last two weeks but when i call he does not respond.
This money was hard earned, (my 25 yrs of saving)which was i put in FD, PPF etc and which i gave him.
Please advise me what should i do?
What happen if i go his home ,I am totally confused, feeling cheating and shattered.
Please help me
Regards
Arvind Singh Chauhan
(Expert) 31 December 2010
Issue him a legal notice. Don't forget that time limit for recovery of money is 3 years. Consult with local lawyer.
V.T.Venkataram
(Expert) 31 December 2010
Please find out the present address of your friend. If he has vanished, he is sure to come back.
Please issue a notice to him demanding your money & give him 15 days time .
Surely the letter will come back to you. Donot open it. file a civil suit for recovery of your hard earned money.
Please be free and nothing will happen if you keep on worrying.
Guest
(Expert) 31 December 2010
make a police complaint
malipeddi jaggarao
(Expert) 01 January 2011
What proof you have got to show that you lent money to him?
Advocate Bhartesh goyal
(Expert) 01 January 2011
Get served a legal notice on him and then file a suit for recovery.
Arun Kumar Bhagat
(Expert) 01 January 2011
No criminal case will lie.You have to file money suit after serving him demand notice.
s.subramanian
(Expert) 01 January 2011
Issue legal notice demanding the dues and file a suit if he fails to pay up. That alone can get your money back,even though in a delayed manner.
Chanchal Nag Chowdhury
(Expert) 01 January 2011
The limitation for recovery of money is 3 years.Proceed as the above experts have suggested.
