Legal Question in Credit and Debt Law in India

I had given a loan of rs 9 lacs to my cousin brother in his mother's name ( who is 82 yrs ) by a dd payable at delhi in the year 2008.in good faith and due to relation and since she is aged i had not filed a legal case but taking advantage of this my brother is not giving back my money.can i file a case on my brother or i have to file a case on his mother only, is time period matters in legal action.should i give a legal notice to both of them.can my money be recovered as there is no agreement for this loan but i have sufficient evidence of amount given. is the case is time ward and i don,t want to take any police action on the old lady.


Asked on 9/30/13, 1:22 am

1 Answer from Attorneys
Fca Prashant Chavan Expert Edge LLP

30.09.2013

Dear Sir / Madam,

No loan debt becomes barred for recovery. You will have to issue the legal notice to the person to whom you gave the loan, in your case your cousin brother's mother.

Regards,

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Answered on 9/30/13, 10:51 am


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