kranthi (retainer advocate) 05 August 2010
Mr. A took a hand loan from Mr.B for an amount of Rs.1,00,000/- for business purpose and executed a promissory note infavour Of Mr.B. And Mr.A is not paid any amount now he is not appearing his family is there.
Here Mr.C has to pay an amount of Rs.80,000/- to Mr.A and executed a pronote in favour of Mr.A. Here Mr.C Is ready to pay the Rs.80,000/- to Mr.B
Can Mr.B take that amount from Mr.C ? And what procedure to be followed? Is It Valid discharge on the part of Mr.C?
Bobby Mani T (Lawyer) 05 August 2010
It is better to file a case agaist mr A and make C a party and obtain a garneshee order. Then only it will be a proper discharge of Mr. C's loan
N RAMESH. (Advocate Chennai. Formerly Civil Judge. Mobile.09444261613) 05 August 2010
Yes. Mr B can take the amount from C.
A receipt acknowledging the payment by C towards liability of A to B will do and it is sufficient.
sangam kumar (Web Maseter) 04 August 2012
Taxation Lawyer New
Taxation lawyer New Delhi, business tax, tax in new Delhi, Mumbai, Chennai, pune, Bombay, salary tax, employment tax, goods tax, iris attorney, attorney California tax, tax lawyer, lawyer tax, lawyers tax, types of lawyers, tax layer, property tax lawyers.
Member Strength 9,46,663 and growing..
© 2024 LAWyersclubindia.com. Let us grow stronger by mutual exchange of knowledge.
