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K Pradeep (Clerk)     07 April 2014

Loan agreement

Sir, my mother lent a sum of rs 2.5 lacs to a person well known to her on a stamp paper worth Rs 20/- duly signed on revenue stamp, in the document the details of property held in the name of the borrower is mentioned that in case of failure to repay, the loan amount can be recovered from the proceeds of borrowers property.

Please advise us if the document is legal and can be file a case against the borrow, can we attach the property mentioned in the document



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