Upgrad LLM

money lent on good faith


I lent 5 lacs to a friend about 7 months back. He owns a partnership firm and I did RTGS (online money transfer) to his company's account. He would neither return my money nor would he pay any interest. There is no written agreement with him as the money was lent on good faith. Is this money gone down the drain or there are legal procedures to retrieve it? Please help.

 
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There are some defeats more triumphant than victories

online money transfer transition can prove that you gave money.

But it will not proof that he borrowed money from you.

 
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AGREE WITH MR. SMILE. BUT STILL ENGAGE A GOOD LAWYER. GOD WILL HELP YOU.

 
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The point is I have proof that I gave him money. I never availed any service from him or his company which he could possibly charge me for. He is very strong financially and it was money lent against interest. How could he keep my money forever and prove that he does not owe me this money?

 
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File a suit  for recovery of money narrate the fact in suit that your friend made oral request to lend him money and on his oral request you transfered the money in his bank account through rtgs.

 
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