Respected Advocates,
I had given some money to a person by executibg a promisory note.Nearly NINE LAKHS.This was happened , two years back.Now when i ask him to give money , he is not giving.He is escaping by saying some vulgar words.He is having four acres of africultural land on his name.Now what should i do to get the money back.And moreover he is trying to transfer the above said property to his wife.Please suggest me a soultion for this bcoz it is my hard earned money.
Regards,
Suri
Sir, the life of the pronote is 3 years from date of execution.
Hence do serve a demand legal notice immediately and if he fails to repay the amount, you can file a recovery suit .
Regards
Balachander Reddy,B.Com,LL.B,LL.M
High Court Advcoate
9959850723
Institute a Suit against him with an Interim Application for attachment of his lands before judgment.
It may take even twenty years for you to recover money if he's adamant. You'll recover money. At least your children will. His death won't end up inabatement
But.
You'll recover less than half the amount you spend. Your money and its interest will be gone.
And.
He'll suffer double than what you suffer.
It's a pity passing a Decree and deciding an Execution Petition on a Promissory Note is so long a process with the matter being as simple as it is.
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