Lended money do not pay back
nitish panghal
(Querist) 03 December 2014
This query is : Resolved
hello sir,
we lend 10 lac rupees by cheque to a family friend before 4 years ago. now he do not pay back the money. we do not have any written agreement.
we have only cheque photo copy as a evidence.
any legal advice how can we recover our money
Devajyoti Barman
(Expert) 04 December 2014
No civil suit lies now. You can only file case of cheating now.
Sailesh Kumar Shah
(Expert) 04 December 2014
Now debt is time barred. You can not recover through the civil court.
ajay sethi
(Expert) 04 December 2014
your claim for recovery of Rs 4 lakhs is barred by limitation
malipeddi jaggarao
(Expert) 04 December 2014
3 years is the limitation which is already expired. No remedy for recovery through civil court. You have to test your luck by filing cheating case.
Biswanath Roy
(Expert) 05 December 2014
Apparently recovery of money is time barred but by following legal tricks you can go across the barrier but such tricks is bit costly.
P. Venu
(Expert) 05 December 2014
Though time barred, you can serve a notice demanding the money back, preferably through an advocate.
Rajendra K Goyal
(Expert) 05 December 2014
The claim is time barred, if no written acknowledgement of debt available extending limitation.
T. Kalaiselvan, Advocate 
(Expert) 08 December 2014
As suggested by one expert, you may send a legal demand notice based on the evidence of having lent the loan by way of cheque and demand the repayment of the same, if he acknowledges the loan amount, you may create a limitation afresh. I requires bit legal ricks as suggested by learned senior counsel respected Mr. Roy sir.
Biswanath Roy
(Expert) 08 December 2014
Advocates demand notice at the outset will spoil the case whereas, a strategic letter drafted by a lawyer which will send by the lender shall definitely be effective. In the year 1975 I recovered money on behalf of Late Mr. K. Chaturvedi, Advocate a famous and well known practitioner of Income Tax Bar at Kolkata and India famous author of INCOME TAX ACT.
