Cheque & agreement
navin
(Querist) 05 September 2013
This query is : Resolved
Hi all,
I wants to about law relating to get money back in case of default made by person whom we had given loan in good faith by writting a simple agreement . we keep blank cheques & his signature on blank stamp for secutiry purposes.
i want to know if someone made default then how we can use both those secutiry instruments to get our money back. & what all other requirements which we have to comply while adopting such procedure.
Thanks & regards:
M.Sheik Mohammed Ali
(Expert) 05 September 2013
you did and get it correct agreement and blank cheque, you dont worry ? defenantly you will get your money.
where are you from ?
ajay sethi
(Expert) 05 September 2013
file summary suit for recovery of your money
Rajendra K Goyal
(Expert) 05 September 2013
Blank cheque and agreement sufficient security. For recovery you can file 138 NI act or summary suit.
Guest
(Expert) 05 September 2013
Depends upon the contents and validity of the agreement document. Better consult some local expert to examine your problem with reference to the case related documents you have, including agreement.
R.K Nanda
(Expert) 05 September 2013
nothing to add more.
V R SHROFF
(Expert) 31 October 2013
nothing to add more, except my points .........................................................................................................................................................................................................................................................................................................
My replies are one line only
I don't bother Querist is helped or not.
I WANT TO BE No. 1 TOP EXPERT
SO MY REPLY IS "" nothing to add more."""
OR ANY SHORTEST MEANINGLESS USELESS REPLIES.
LCI ADM also don't bother about Quality of Reply while allotting Points,
So why should I bother?? I too want only Quantity.
I will deliver Empties , No of delivery of boxes counts, not contents of delivery boxes.
So carry on delivery of EMPTIES MEANS "nothing to add more."
IT IS VALUED AT LONG MEANINGFUL REPLY TOO... PRICED AT SAME POINTS...
COMMING BACK TO NAVIN,
[1] Pay by cheque
[2] get Promissory note signed
[3] Get written cheque , in his hand writing, filling all particulars, on diff dates
[4]pro note must have his photo/ pan no. / full and correct address
[5] get confirmation letter that he repaid loan amt by those cheques
[6] Get int cheque paid by you first, ask hin to collect from bank and pay cash
[7] get pro note on total amt p+int , so it tally . Do not mention interest anywhere.
[8] Take care to renew cheques every three months, or get it bounced and file 138 n i to recover your amount.
[9] If he has any property, get Original Doc keep with you for security
[10] If amt is high, get Sale Deed signed, with condition of cancellation on repayment of your loan
[11] Pay consultation charges out of your cearning, and Document it with Local Lawyer, Let him earn too, out of your earning.........Don't take FREE HELP, for your earnings & your security of money.
now I have ########nothing to add more.#############################################################################
prabhakar singh
(Expert) 31 October 2013
THAT SOUNDS LIKE A CAPTAIN AND THIS IS WHY YOU ARE OUR CAPTAIN SIR!
