hello,
i have lended money to a friend and in return he promised to pay interest but from last 8 months he is not paying any, what should i do?
as a security i have taken chaque, promissory note, his written document of money taken from me and given me property papers.
Hello,
You cannot recover the interest from your friend but you can recover your money on the basis of documents executed by him in your favour. You can deposit the cheque on the instruction of your friend and if the cheque returned dishonoured then you can file a complaint in court against your friend u/s. 138 of Negotiable Instruments Act.
