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money lendering

(Querist) 16 November 2015 This query is : Resolved 
I have given loan for rs 4lakhs vide cash and acceptance received from borrower on ten rs. Stamp paper. Rate of interest mentioned 1.25% per month. If borrower do not pay whether I can make suit under section 138nei act on advance cheque basis. Whether borrower can say in court that I have not money landing licence
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SAINATH DEVALLA (Expert) 16 November 2015
repeated query

http://www.lawyersclubindia.com/experts/loan-against-property--569881.asp
Rajendra K Goyal (Expert) 16 November 2015
No reply if query repeated.
K.S.Srinivas (Expert) 16 November 2015
Agreed with the experts.

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