Need to know what i need to do?

Querist : Anonymous (Querist) 18 November 2011 This query is : Resolved
Hi,

One of my friend borrowed around 65000 from me and it was through my credit card he promised me that he will make the payment to the bank every month if I convert it into EMI. I trusted him and did the same. He made the payment for the first month but stopped after that. Now since two month he is not picking up my calls, his wife she was the guaranter of her husband that it is her responsibility that the payment will be made to bank every month as soon as the salary is received. Now whenever my friend does not picks up the call I call his wife and she promises me a date on which she does not turns up. Now I am afraid that they will not give me the money and bank will not leave me. One mistake that I did was I gave him the money in cash and not by cheques. Proofs that will help me is the sms that my friend sent about giving me all the money back within two days. His wife accepted on phone about the amount borrowed from me and promises that they will return all the money back {amount included} this conversation between her and me is in a memory card recorded by phone. I have his 6 blank cheque signed without any amount on it. Now again I have been given a new date of Monday. I have been suggested by my friends to get a written letter from him so that they cannot think about cheating. So I would like to know the procedure of the note that i should take from them in writing like. What should be the cost of stamp paper and notary of how much is needed and is a witness needed? If there is any format available please can you provide me.

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ajay sethi (Expert) 18 November 2011
no need to have letter on stamp paper nor any witness are necessary . obtain a letter on his letter head if he has any or even plain paper will do .

in said letter addressed to you he should acknowledge having received sum of Rs. 65.000 over a period of 4 months or so in cash

he should underrtake to return money with 18%interest .
he shoulld authorse you to use the cheques issued by him in repayment of laon . ask him to fill in the cheque with date and amount

Querist : Anonymous (Querist) 18 November 2011
Thanks for your immediate response.

Rajeev Kumar (Expert) 18 November 2011
I agree with ajay

prabhakar singh (Expert) 19 November 2011
The query is already closed.

Shonee Kapoor (Expert) 19 November 2011
No reason to differ

Regards,

Shonee Kapoor
harassed.by.498a@gmail.com

Querist : Anonymous (Querist) 19 November 2011
Thanks for your alls attention and help.

Guest (Expert) 19 November 2011
Shri Ajay Sethi has provided the best solution to your problem.

M.Sheik Mohammed Ali (Expert) 19 November 2011
yes, i do agreed experts query reply

M/s. Y-not legal services (Expert) 19 November 2011
Dear author, your case is very weak.. Nearly you lost your case.. And ajay sir's idea is not possible.. Very rare persons only will do that. Usually no one will do that in this circumstance.

prabhakar singh (Expert) 21 November 2011
yes, i do agree experts query reply

Devajyoti Barman (Expert) 22 November 2011
Yes I agree too.

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