Promisory note
Naresh Kumar
(Querist) 27 March 2011
This query is : Resolved
Dear sir, Im Naresh from bangalore i had paid a Lady around 2 lakhs as she promised me to register a part of her land and took the amount and from last 1 year she is avoiding i have taken a promisory note which is singed by her and her daughter,from last 1 year she promises to regiter in 15 days and later she will say no i wll return the amount when i force for my princple amount she will change and say i will register the land in a week like this one year passed kind help me how to recover my money, i have a promisorry note where she has singed for 1,70,000/- & i have mentioned that she will repay with 3 % intrest is it possible to claim intrest or not as per law? And 1 D.D i have given from my account to their vehicle tax in favour R.T.O. pls help me i have borred 66000/- for 3% intrest and paid, im paying intrest for it from a local financer.
Advocate. Arunagiri
(Expert) 27 March 2011
You can recover your principal along with the interest permitted by the court. You should have entered a sale agreement.
R.Ramachandran
(Expert) 27 March 2011
Without disclosing the names of the borrower and the lender, please post the complete contents of the Promissory Note to see whether what you understand and claim to be promissory note, is in reality a promissory note or not. I have a basic doubt about that.
Devajyoti Barman
(Expert) 27 March 2011
Yes, every note may not be considered a promissory note.
Naresh Kumar
(Querist) 27 March 2011
Frist i thank you all for the support and sir i have purchased it from the stationary shop and revenue stamp of Rs 1 is been pasted on it .
Naresh Kumar
(Querist) 27 March 2011
And sir i want to know if i move legally how long it may take to recover my amount when can i get the amount in hand ?
DEFENSE ADVOCATE.-firmaction@g
(Expert) 27 March 2011
First of all the question will come how you parted with this huge amount. It will be disputed if no coroborative evidence .
Naresh Kumar
(Querist) 27 March 2011
Sir trust is something and that lady speaks very cunning i just got struck till 10 months i didnt had any proof later when i felt she may take me on ride or cheat i got that promisory note and got singned by her and her daughter. and i have a blank cheque from his son,I am really in very bad financial status and that entire land has been sold to somebody else, she has taken 3.5lakhs from tham and dont know what she did and the buyer is requesting me to wait and he will pay after a month, im not even sure that he is only the buyer its 60km far from bangalore when ever i have to visit i have to spend 200/- which i cant do at this movement and that lady doesnt have mobile or phone at home, pls help me .
R.Ramachandran
(Expert) 27 March 2011
If you cannot provide the complete details (contents) of the Promissory Note, you will get only round about answers instead of appropriate answers.
The Choice is yours.
Sri Vijayan.A
(Expert) 28 March 2011
Please provide full details, as Mr.RR advocated.
Then you may get all sorts of advices.
You may get chance to recover money or the land, all it depends on the contents of the note.
So furnish full details/ type the matter what is written in the so-called pronote.
Naresh Kumar
(Querist) 29 March 2011
Good Evening sir now today she called and said she will register the land but im confident she has already taken advance from somebody, As a memeber of her family will update me detail movement of her to me on time and the buyer had also called me and requested that he will give after a month, Now i dont want that land as she may have done any agrement and she may register a piece of land to me and one day it have a litigation so finally i decieded not to go for land and i will go for money so can i use the blank cheque and get my money with intrest ? shall i include the intrest and fill the cheque ?
