Dear All, I am Nagesh from Hyderabad. Recently i am given 4,50,000/- lakhs to one of my family friend as a hand loan for 6 months for a purchase of New house. At that time he was mortgae agriculture land of 2 acres with my name for security. Now he was not repaid and misbehaving. he was promise to pay interest for every month before 10th, now he was not giving interest and principle also. I have a cheque of 450,000 for that and have a another cheque from his wife amount of rs 450,000 and taken a promisory note jointly amount of rs 450,000/- . now what i do for refund of my loan above.
Regards
Nagesh U