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pavan (Partner)     15 May 2010

Notice of Debt

My Client's father was a partner in a firm. On the death of his father in 1990, his father's was transferred as unsecured loans in the name of his mother, son and a daughter. My client has been residing with his uncle since 1990. Now, he has separted his residence and wanna recover the money from his uncle. He was informed by his uncle he owes nothing to my client.

 

What procedure has to be followed by my client to recover the money. Before instituting a suit, should he serve a notice to his uncle? If yes, in what format especially when he is not aware of the exact amount to be recovered.



Learning

 2 Replies

Adv. Gulammayudin A. Gagdani (LEGAL ADVISOR)     15 May 2010

first step he have to inspect accounts of partnership firm, to find out the exact amount.

pavan (Partner)     15 May 2010

Determination of exact amount requires the accounting treatment done in 1990. His uncle is not provising the details. He does not know whether the interest has been provided till date or not.

How to go about?


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