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alisha   23 April 2015

Had lent 4lacs for business, but not received back the money

I lent 4 lacs to some lady who I do not know through my trusted friend for investing in some real estate business. I had given the money to my friend. In return for the 4 lacs that I provided to my friend which in turn was given to some lady, I received 13.5 thousand per month as interest. As per the legal agreement the lady has to return the money (4 lacs) within 2 months whenever I would ask for it. After 1 year I asked my friend toask the lady to return my 4 lacs and gave 2 months time as stated in the agreement. Now the 2 months are over but my friend and also the lady have not given the money. Now what can we do? I am really stressed as it was my entire hard earned money.

 1 Replies

BAALASUBRAMANNYAMM (Advocate)     23 April 2015

If your Legal Agreement ( as per your words) is an enforceable document under law, you can 1st issue a legal notice demanding for repayment of principal amount along with upto date interest. You can directly send the demand notice or else you can send the same through an advocate.  

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