Legal remedy against loan given on promissory note
P.C. Joshi
(Querist) 27 February 2014
This query is : Resolved
Dear Friends,
One of my friend has given a loan of Rs 25000/- to someone against a blank but signed promissory note. The said person is not paying the amount.is there any legal(cvil/crimnal) remedy. can the legal expenses incurred to recover the debt be permitted by the court.
Pls advise.
Thanks
P.C. Joshi
Devajyoti Barman
(Expert) 27 February 2014
File a money suit.
You have to pay court fees on the money claimed in the suit.
Sankaranarayanan
(Expert) 27 February 2014
i endorse the suggestion given by mr barman ji
ajay sethi
(Expert) 27 February 2014
issue legal notice to pay outstanding dues . after receipt of notice some times defaulters pay . if no payment received file summary suit
R.K Nanda
(Expert) 27 February 2014
agree with experts.
Rajendra K Goyal
(Expert) 28 February 2014
Send legal notice and on no response file summery suit. You can claim legal expenses also.
Advocate Bhartesh goyal
(Expert) 28 February 2014
Issue legal notice to borrower,if not respond then file summary suit on basis of pro- note against him.
T. Kalaiselvan, Advocate
(Expert) 02 March 2014
Why did you obtain a blank pro-note duly signed by the borrower?, how are you going to fill it up at this stage?, It has to be witnessed by a person for the transaction that took place, how are you going to manage this? Do not get trapped by illegal transactions. Better call that person and settle the issues amicably or fill up the pro-note in his presence and get it witnessed by a third party while this being filled up in the presence of the borrower.
