Legal Question in Business Law in India
my friend trades in commodity market.he asked me for some money .i agreed to give him money.he also agreed to give me 8% extra amount of my money. that means i gave him 350000/_and he returned 28000/-per month which is profit or bonus to me against my amount 3.5 lacs.he gave me 1.12lac profit of four months .for security i have taken Notery documents of his house which is noterised by Notery Lawy er.after four months he lost total money in trading.in this period he tansfered house documents to his wifes name .two days ago i see that he is selling his house to another person . i went to his home and asking for my money then he told me that he will give me 1 lac instead of 3.5 lac. he said that he is in big loss and also to give big amount to other people .he sold his house to 38 lacs thirty eight lacs .i have also cheques of that 3.5 lacs .please tell me Sir , which step i will take with that notery documents and cheques ?
1 Answer from Attorneys
18.03.2014
Repeat query. Already answered.
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