Financially cheated need help

As your lawyer correctly pointed out, the suit for recovery of money cannot be maintained after a period of three years. However in case you are able to secure any fresh letter from him ageeing to pay the amount, then you can file a suit in view of section 25 of the Indian Contract Act

Hello Harsha,

Thanks for replying. I talked with my friend, But he is not agreeing to write on any type of letter and give that he is having the money and would give in future. But i have the TDS forms that i got from him that i am paying interest on the money i have given him. But those TDS forms are also falls with in the period of three years. After that i did not received the TDS forms from him.

I would like to ask one small question to you? please reply if you can.

Is there no way that i can get my money back from him ? There is no such rule in our country through which i can fight ?

I am really in a terrible situation with a great financial loss. Please help me

Thanks

Nilesh

All the contracts are enforceable through court if it done as per the law. You have lend money through cheque without any contract about the lending. To make him liable accept some cheque through local panchayat by getting writing from him about the earlier transation

Can any one tell me what Nilesh Should have done at the time of lending money so that he would not have fallen in such a trouble?