Legal Question in Credit and Debt Law in India
financial
i have lend rs.2 lakhs to my friend who inturn promise me to pay within 6 months,with interest,neither principal nor interest he paid, i have taken signature in 200 rs. bond paper,can i sue him,his intention is to cheat me,please write back to me,
5 Answers from Attorneys
Re: financial
you may file a suit u/o 37 of civil procedure code on the basis of 200rs document and there are good chances of you recovering your money fast.
Re: financial
Your details are not enough to formulate detailed advice for you at the moment you may file an recovery suit against him .
Re: financial
One may seek civil remedy on the basis of bond, you have executed.
If the document is Promissory Note, then civil suit lies under Order 37 of CPC.
Re: financial
one needs to look the paper as to what did your friend write on that bond. It would depend whether such writing constitute a promissory note or not? What is the date of such writing? Whether a period of three (3) years have lapsed or not.
Vishwa
Re: financial
You may sue him for recovery.
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