i have given amount to my friend on sign on empty bond paper and promissory note

sir I have 15lacs to my cousin and I didn't take any suiritoes they have given me signed bond papers and promissory notes now what should I do how to proceed legally

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3 Replies

P. Venu (Advocate) 11 February 2021

Based on the promisory note, you can initiate an action for recovery.

sravanthi guruvelli 12 February 2021

Thank you sir

Dr J C Vashista (Advocate) 14 February 2021

Promissory note is a negotiable instrument and you can recover the amount on the basis of the document, however, you will be required to prove source of your income.