Legal Question in Credit and Debt Law in India
if someone provides big amount of money to his friend say 20-21 lac and in return he has in writing on stamp paper of Rs 500 and notarized by gazette about lending money and receiver of money signed on that and also he provided some blank cheque to the lander. and he is obliged to return that money in 30 days. but after 30 days the receiver of money refuse to repay back that money . my question is
1. what should we do to recover money
2. if a case is filled in court on base of a stamp paper document will a person can recover money by cort and in how much time
3. if a person bounces bank cheque and then he fights in court and demand to recover amount from that person . what immediate steps court will take and how much time i can recover my money.
4.if a person then also does not give money by court law, can we recover money from persons property.
5 provide me information of desicions in this type of case by court.
1 Answer from Attorneys
a complaint u/s 138 of negotiable instruments act for dishonour of cheque may be filed and also a civil suit for recovery may be filed u/o 37 of civil procedure code.
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