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Curious Sam (Self)     05 June 2012

138 - legally enforceable loan among blood relatives

Is it not very difficult for close relatives e.g. siblings to prove a legally enforceable loan in a 138 case.  Even actual money transfer amonst relatives cannot lead to an automatic adducement of a legally recoverable loan. In case of strangers/business dealings, money transfers may be enough to prove a loan. This is because monetary gifts are not legally recoverable loans in 138 parlance. Relatives often give monetary gifts.



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