My friend not returning money

sivakumar (Querist) 03 December 2016 This query is : Resolved
My friend has to return my money....I know only his email address and Chandigarh house address and bank account no . ..I hope he is in the address. No mob no ...what I have to do to get my 1 lac money back

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Guest (Expert) 03 December 2016
Try to get it back in an amicable and Polite manner.Any of your hard steps would fetch negative results.

Sudhir Kumar, Advocate (Expert) 03 December 2016
Money given to friends and relatives is always a charity in the garb of loan which is given in expectation of refund but always taken with intention of non-refund.

Such loan is taken by a person:-

(i) Who lacks business sence and cannot raise funds out of his own business and suddenly wants to be rich.

(ii) who cannot raise bank loan because :-

Either
he himself is not creditworthy

Or
the purpose for which he seeks loan is illegal

or
the purpose for which he seeks loan is not at all commercially viable.

(iii) Who knows he can afford not to refund.
(iv) Who trusts his thick skin
(v) Who intends not to refund
(vi) Who has made fortification against action of refund.

So he has to find someone who can part with his money. SO he finds a lender near him (fiend or relative)

Such loans are given by the persons :-

(i) Who has surplus money.
(ii) Who displays and boasts of such surplus money.
(iii) Who stupidly believe that there will be a refund.
(iv) Fails to realise as to why he alone (not bank) is being contacted for loan.
(v) Who has extreme trust on the debor
(vi) who are either stupid or extremely greedy of the unusual (or illegal) rate of interest.

Such loans are always given

(i) Without documentation.
(ii) Without witness
(iii) Without guarantor.

Business started by such money (easy money belonging to other) invariably fails.

Such loans always sink and not refunded.

Sudhir Kumar, Advocate (Expert) 03 December 2016
Your query is absolutely vague. One cannot imagine

when money was give?
why money was give?
where from the money was given?
how money was given?
on what security money was given?
on what agreement money was given?
when was the refund due?

Your query doe snot even state whether the money is to be given back to you.

further

when you do not know the except whereabouts of the person ( you are not sure whwther he is there at address or not) then how you can call him friend.

Rajendra K Goyal (Expert) 03 December 2016
Agree with the expert Sudhir Kumar.

Guest (Expert) 03 December 2016
In the absence of discussion about case history and evidence in your hand, you can wait till your friend shows mercy upon you or else consult some local lawyer, whom you can narrate the complete history of the loan, your efforts to recover and your friends response to your efforts.

By the way, what efforts you have made and what was the response from your friend?

P. Venu

(Expert) 04 December 2016
Please disclose the material facts. What is your evidence for the money advanced?

Rajendra K Goyal (Expert) 05 December 2016
You have no written agreement / commitment / pronote / receipt of amount paid/ no solid evidence / no security / guarantee etc. , the amount is difficult to be received back.

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