Legal Question in Civil Rights Law in India
friendly loan given and agreement written on a chit.no account.money given in cash.no witness.what are the chances of recovery?
2 Answers from Attorneys
20.04.2012
Even if written on a chit of paper and signed by both parties, it remains on record and is a valid piece of evidence. You will first write a written request to the borrower asking him / her to repay your monies within 15 days. If he / she fails, you will have to resort to Police action and lodge a complaint for recovery. The Police will summon the friend to the Police Station for questioning, where he / she will confess to have taken the money from you and will be compelled to agree before the Police Officer on the date of repayment, which statement will be recorded by the Police Officer. The issue will be amicably resolved and you will recover your monies.
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