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raj kumar ji (LAW STUDENT )     18 March 2011

VALUE OF SIMPLE MONEY BOND ??????

RESPECTED SIR,

                          I GAVE A RS.10000(TEN THOUSAND ) ON A INTEREST OF 6% PER MONTH .TO MY FRIEND AND I ALSO WRITE ON A STAMP PAPER ON A 10 RS . IN THIS I WRITE ALL THE CONDITIONS .IN THE PRESENCE OF TWO WITNESSES .THIS IS A SIMPLE MONEY BOND .AND THE PARTY WHO INDEBETED THE MONEY ALSO SIGHN ON THAT PAPER .

                         NOW THE QUESTION IS THAT IF THE PARTY DENY TO RETURN THE MONEY OF TEN THOUSAND AND ALSO INTEREST NOW WHAT SHOULD I TAKE ACTION FOR THAT PERSON ????????????



Learning

 1 Replies

M.Sheik Mohammed Ali (advocate)     18 March 2011

in money related agreement value for as per limitation act 3yrs only, if he avoid to give with in  mentioned period you will file a money suit.


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