Promisory note
Shilpa Mani
(Querist) 22 April 2013
This query is : Resolved
One of my relative had signed up in a blank promissory note (just two 1re revenue stamp stuck on it) for getting money on a emergency purpose from one of his friend. Is it possible for that friend to file in a legal suit against my relative. How much amount that friend can claim using that promissory note(He got Rs 5000).
Note: No witness signature; No date; No amount filled in.
ajay sethi
(Expert) 22 April 2013
cross the bridge when you come to it . as on date the blank note has not been filled in . why did you sign blank note when you took a loan of only Rs 5,000 . send a letter to him recording aforesaid facts that blank p note has been given by you for Es 5000.
Raj Kumar Makkad
(Expert) 23 April 2013
A suit for recover can definitely be filed by that friend in whose favour such promissiory note has been executed. The date can be got filled by him.
Advocate Ravinder
(Expert) 25 April 2013
You have given a weapon to the other side. Now you have to come out of the battle. Your case is weak. He will definitely file a money recovery case. By appointing a good experienced lawyer, you can disprove the case. But the chances are only 50%.
