LCI Learning
Master the Art of Contract Drafting & Corporate Legal Work with Adv Navodit Mehra. Register Now!

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

sivaandhavarapu   14 November 2018

How to recover loan

sir/madam

mr.x gave loan to mr.y through ecs transfer.no documents took while giving loan but a mail confirmation and adhar proof was taken from "y".the duedate was completed 4months back.now mr.y is not at all responding to any message/mail/whatsapp/call.how to recover amount from mr.y and what legal action can be taken on mr.y by mr.x.Is there any risk to mr.x?

thanks in advance.pls its urgent?



 2 Replies

Suri.Sravan Kumar (senior)     14 November 2018

with the available record/documents consult local experienced Lawyer and issue legal notice first. If no action is taken to your notice file recovery suit.

Rama chary Rachakonda (Secunderabad/Telangana state Highcourt practice watsapp no.9989324294 )     14 November 2018

Send a legal notice first. By sending legal notice it can give a clear intention on the part of the sender to file a lawsuit for the purpose of resolving the issue to which the other party might respond immediately to save oneself from court proceedings. A person can easily describe his grievance in a legal notice with the help of an Advocate.J


Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register