Invested money..he is not paying now

Originally posted by : Web Administratar
	Originally posted by : Sankaranarayanan May be he feel to tell all reasons of loss .so better to wait some more days but keep create evidence by communications. Often send reminder to repay the dues  You read my mind. You exactly told me what I am doing currently. Still waiting and creating evidence.

Yes and communication also must for future steps of your case. so be keep corresponding him regularly..

But, be careful and never reduce anything in writing unless your advocate advises you to do through him. Money is precious even if lent to a dearest friend, explore other options carries many suggestions for recovering the money in legal ways that can not be reduced in writing.

What are the terms of investment? Is there any written agreement? Has he given any receipt?

You still have time to recover your money.

You first present the cheque with the bank, get it dishonored, issue a legal notice to him, he may not comply with the demands made in the legal notice, hence you immediately file a cheque bounce case under section 138 NI act and prosecute him for the offence of cheque bounce as well as for recovery of your amount.

You should not wait anymore in waste because he will never return your amount even if he has made good the loss he might have suffered in the past.