Money recovery

Querist : Anonymous (Querist) 05 July 2022 This query is : Resolved
I have lent Rs 1 lakh, Rs 1.5 Lakh & Rs 1.9 Lakh to my friend in cash on good faith.

I asked him to return my money, but he refused. I have no documented evidence.

Can I lodge complain of 420 IPC, 406 IPC & 357 CRPC (1)(d) to recover my entire money ?

My relatives told me that I cannot claim more than Rs 2 Lakh as the money is paid by cash. Is it true ?

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Quick Summary

If you've lent money to a friend without documentation and they refuse to repay, you may need to file a civil suit for recovery. While relatives suggest a limit of Rs 2 Lakh for cash transactions, expert advice indicates that recovery might still be possible, especially if the money was lent on different dates. It's crucial to consult legal professionals to understand the best course of action for your specific situation.

Querist : Anonymous (Querist) 05 July 2022
I have lent him money on different dates.

Dr J C Vashista (Expert) 06 July 2022
The advise of your relatives is absolutely perfect.

SHIRISH PAWAR, 7738990900 (Expert) 06 July 2022
Hello,

As per me, you can recover the amount as you give amount on diffrent dates not exeeding 2 lakhs. You have to file recovery suit in civil court to recover amount.

Advocate Bhartesh goyal (Expert) 06 July 2022
I endorse the views of expert SHIRISH PAWAR, money can be recovered.

Pradipta Nath (Expert) 06 July 2022
If you paid cash to your friend and you have proof, you can file money recovery suit.

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