Hi,
Require your guidance ..... It is typical case of lending money to office collegue.
In October 2010 , I have lended Rs two lacs to my superior , on pretext that he has to get her daughter medically treated and he require imediate funds.
In April 2011, he has returned one lacs out the above amount and promised to pay the rest of the amount.
Later in month of june 2011, Organization got complaint through the some of the staff members that the person is in to the practise of taking the personal loan from other staff member and has defrauded the company by presenting wrong medical documents for the medical loan taken from the company.
On the said pretext , I took a cheque of remaining amount from the person for securing the amount .
In December 2011 , Person was asked to go by the organization and his emoluments and account were marked on lein.
Please guide me on the course of action , on what should be done by me to recover the amount. Further , person is jobless now but has never told me that he can't pay but have always postponed the date of payment .
