my friend has borrowed an amt.of 6 lacs on november 6th 2014 . He has written promisory notes and written that if he failed to pay that amt he was ready to accept any action from the borrower and kept 3 acres of land as guarantee for the amount.
now is it valid for the borrower to claim the land as this is the 4th year from the amount taken??
Ask money recovery through a written notice
