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Rajendra   26 March 2013 at 22:55

Recovery of money in good faith from known person

I have given a sum of Rs. 1,50,000/- (Rupees One Lac Fifth Thousand Only) by account payee cheque to one kwon person on 01/03/2013 with a verbal promise to return it back within a week time; he then deposited the same in to his bank account and amount was debited from bank account on 04/03/2013.

As per his verbal commitment he was to return it back on or before 08/03/2013; but he failed to do so; he then keep on promising that in a day two he will rerun the fund, I have some sms confirmation too. Now he is not reverting to my calls and sms. In this case how to proceed for the recovery? And how to keep record of all sms sent to him and received from in blackberry device.

Thanking you in anticipation,

RAJENDRA PATEL