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Akula Ranjith   29 April 2024

Recovery of money after expiry date

I have given a 1000000 Rs to the person X on 2008.
I have a document of bond paper regarding this
now,how can I recover the money from the X.after 16 years of time.
Is there any legal procedure to recover the money.


Learning

 2 Replies

T. Kalaiselvan, Advocate (Advocate)     29 April 2024

If he had neither paid any ineterest over the borrowed sum anytime within the last three years niether he had renewed the loan nor acknolwedged the loan then the loan is barred by limitation.

Yo may not be able to recover the loan amount if it is barred by limitation

P. Venu (Advocate)     29 April 2024

Yes, recovery is not possible through a Court of Law.


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