Dear Experts,
I have loaned a substantial amount of money by online transfer to a person who has shifted to another city without providing either a loan agreement or a post dated cheque or even a signed receipt for the same! I do not even know his current residential address! He appears to have changed his SIM as well! The only concrete evidence which I have of the loan are 1) the record of the transaction in the bank, & 2) a SMS containing his bank details! What are the legal options available to me If he does not repay the money on time?
Kaushik.
