Dr J C Vashista (Advocate) 25 January 2019
What is the dispute involved in the question for consideration and obligation of legal experts ?
G.L.N. Prasad (Retired employee.) 25 January 2019
The financial transactions in between friends and relatives are not prohibited by laws. But, it is prudent to consult a local expert to safeguard your financial interest and to obtain proper legally valid precautions to get back money without entering into long litigation. Consult local advocate, obtain promissory note, cheque towards repayment at a future date and other usual precautions like security or guarantee from a third party also.
P. Venu (Advocate) 03 February 2019
Yes, if this is a matter of trust and not of Law.
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