Regarding promisory note

Querist : Anonymous (Querist) 02 September 2011 This query is : Resolved
Hi Sir,

One person known to me has taken money from me signing on Promisory note . He did not filled anything else in the promisory note. He just made the signature.

Now he is not returning me the money and moreover saying that he did not signed on the promisory note.

1) Can you please suggest me what can be done now for this ?

2) Can i approach legally ?

3) if so what are the steps ?

4) if so what are the consequences ?

Follow Query

Report Abuse

Sailesh Kumar Shah (Expert) 02 September 2011
1)Issue legal notice
2)yes
3)file civil suit
4)you will get money.

ajay sethi (Expert) 02 September 2011
whether amounts were filled in ? if he has only signed promissroy note if you issue him legal notice he will deny he has signed the note .
you will have to filea summary suit for recovery of the amount mentioned in note

prabhakar singh (Expert) 02 September 2011
1.how much money advanced?
2.when was it advanced??
3. is the amount advanced accountable???
4.are there witnesses who saw you handing over money????
5.was it a cheque advance,if yes bearer or cash?????
6.is the pro-note/ Promisory note affixed with proper revenue stamp and sign is thereon or on plain part??????

Guest (Expert) 02 September 2011
all in one consult with your lawyer. He will guide you in recovery of money.

Advocate. Arunagiri (Expert) 02 September 2011
You can very well fillup the amount due and send a legal notice demanding money with interest.

If there is no response, initiate a summary suit.

Sailesh Kumar Shah (Expert) 02 September 2011
Blank pronote filed by holder – valid – inchoate instruments – Section 20 enables holder of instrument to fill up the blanks and negotiable instruments which are duly signed by drawer and deliver to holder – promissory note which did not contain writing of drawer but executed by drawee held to be valid. 2002 (2) CTC 140.

Raj Kumar Makkad (Expert) 02 September 2011
I agree with experts.

Previous

Next

You need to be the querist or approved LAWyersclub expert to take part in this query .

Click here to login now

Similar Resolved Queries :

Ask Query
Unanswered Queries