Proper remedy
Mumtaz
(Querist) 16 April 2012
This query is : Resolved
Hello Sir,
My query is that I gave the money to one of my friend on interest but in this regard, i did not take the signature on any kind of paper and in fact i did not take the any cheuqe from him. He was giving the interest continuously by cash or through NEFT in my account regularly only 2-3 months. But after passing 3 months, he stopped giving me the money in the name of interest. It is not enough, infact he also denied to return my principal to me. Now please suggest me, what is the remedy for me. Can I file recovery suit against him or file any criminal case against him. I knocked him severally but he denied to give the amount. He is my friend and this one the only reason that I gave him money.
adv. rajeev ( rajoo )
(Expert) 16 April 2012
You cannot file any recovery suit without any documents. Even if you claimed that he used to give interest, but on this ground your suit is not maintainable because you gave him a loan without money lender license
Shonee Kapoor
(Expert) 16 April 2012
Hope and pray that the good sense prevails and he returns your money. No suit in this regard is maintainable.
Regards,
Shonee Kapoor
harassed.by.498a@gmail.com
ajay sethi
(Expert) 16 April 2012
money has been given in cash . you dont have any documentary evidence of having given money . interest was paid in cash . problem is you dont have nay evidence on basis of which you can file summary suit .
SAINATH DEVALLA
(Expert) 18 April 2012
Dear Mumtazji,
Without any documentary evidence your query will not sustain anywhere.For sometime try to persuade him to repay your amount.If he does not do so,involve common friends for a mediation.Only that way you can try to recover your amount.
