Legal Question in Banking Law in India

Re: Repayment of Loan giving on a personal basis by cheque

You can ile a suit in small cause court.For more advice contact personaly.

Re: Repayment of Loan giving on a personal basis by cheque

you can file cases and you have to be very careful in your case. so take care that you engage a good lawyer in this.

good drafting and technicalities can get your money back otherwise its gone.

Re: Repayment of Loan giving on a personal basis by cheque

Please take the acknowledgement from the bank regarding the cheque deposit and then issue a legal notice regarding the same. Later on you can file a suit in small cause court.

Please contact personally in case of need.

Professional charges are applicable.

Re: Repayment of Loan giving on a personal basis by cheque

You cannot prosecute him. Only remedy is to issue a notice demanding repayment with interest as per interest Act (as there is no agreement to pay any particular rate of interest) and if he fails to pay the same, file a civil suit against him. You should consult a lawyer personally at your place of residence/business and not to throw the question in this forum

Re: Repayment of Loan giving on a personal basis by cheque

Firstly send a legal notice demanding back your amount and thereafter file a suit for recovery.Consult a local lawyer with all details.In case of need contact with details.professional charges are applicable.

Re: Repayment of Loan giving on a personal basis by cheque

In my opinion the present days are of not such type that you can safely lend sum of monies to a fried. In fact even though legally speaking such lending is banned people go for it . You have simply two remedies either to file a civil suit or to go for criminal case of cheating etc.