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Shiv (Officer)     19 August 2014

Recovery of money

Recovery of personal lending:

A car is purchased in December 2011.
I contributed 50 % of amount in purchase and 50% amount is contributed by my friend. Car is registered in my friends name. Now unfortunately my dear friend passed away. He was a good man and man of word. But now as per law his legal heir is going for transfer of car in his name. That is fine for me but he is also denying me of my share of investment in car. He is not willing to repay my contribution in car. I want to recover my investment in car from Legal heirs is it possible to do that based on below facts. I have following documents as proof of payment:

1. I have transfered my 50% payment through RTGS direct to car shop which reflects in my bank statement.

2. I have made payment to Insurance Company toward Car Insuarance Policy which reflect in my bank account.

3. I have paid for one time road tax to RTO, I have original receipt of it.

4. Till date possession of car is with me.

5. I do not have any written agreement.

6. What are my remedies?

Please your expert advice is required.



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