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Satish (developer)     18 April 2013

Recover money from friend

I took loan from private bank and have given INR 3000000 to my friend using online transfer directly from my account to his account online in Nov 2012 for his business. I don't have any other written document or post dated cheques. He promised me to return money within 6 months with interest i will be paying to loan. He has returned INR 1400000 till now after making pressure through his family members.

He is not denying to return and always says I will return but not returning. I am in pressure paying loan EMI of that amount.

Can police help me in this case? if not then what is other ways to recover with interest? Please guide.

Thanks,

Satish



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