Recovering money lent to a person
KISHORE KUMAR
(Querist) 31 March 2013
This query is : Resolved
I had lent around Rs.1 lakh to a person on oral promise to return it but now he is not repaying it back. I have proofs of transactions. Can i get my money back? Pls put your valuable comments.
prabhakar singh
(Expert) 31 March 2013
If you can prove him debtor then after serving a notice of demand file a suit of recovery.
V R SHROFF
(Expert) 31 March 2013
Agrees with Shri Prabhakaeji
Raj Kumar Makkad
(Expert) 01 April 2013
Suit for recovery without any written document shall not be advisable from my side.
You should lodge a police complaint against such person alleging fraud played by him against you. This is the shortest and perfect means to recover even more than the deposited.