Advice on getting back money borrowed

[User_54738179]

U

User_54738179
PARTICIPANT
January 21, 2025 at 9:36 am

A friend borrowed ₹1 lakh+ in cash, isn’t returning it since 2019, plz advice wt to do🙏🏻🙏🏻🙏🏻

Share

[Mightyfalcon9189]

M

Mightyfalcon9189
PARTICIPANT
January 21, 2025 at 9:37 am

Any agreement or witness for the same? Any paper on which he signed?

Share

[User_54738179]

U

User_54738179
OP
January 21, 2025 at 9:39 am

Actually he agrees to pay, his father and friend knows about this, but everytime he gives reason

Share

[Mightyfalcon9189]

M

Mightyfalcon9189
PARTICIPANT
January 21, 2025 at 9:46 am

Then he would eventually pay, you should ask for interest.

Share

[User_54738179]

U

User_54738179
OP
January 21, 2025 at 9:47 am

I don’t want interest, i just need the amount ,that’s enough for me…any legal advice ?

Share

[Mightyfalcon9189]

M

Mightyfalcon9189
PARTICIPANT
January 21, 2025 at 9:50 am

You can only send a legal notice to him with a time limit, but he can ignore it as your transaction was not legally binding. His father or friend will side with him resulting in no witnesses.

Share

[User_54738179]

U

User_54738179
OP
January 21, 2025 at 9:51 am

How to send a legal notice…plz elaborate

Share

[Mightyfalcon9189]

M

Mightyfalcon9189
PARTICIPANT
January 21, 2025 at 9:52 am

Reach to a lawyer in your area, he will send it on your behalf.

Share

[User_54738179]

U

User_54738179
OP
January 21, 2025 at 9:53 am

Any documents needed ?

Share

[Mightyfalcon9189]

M

Mightyfalcon9189
PARTICIPANT
January 21, 2025 at 9:56 am

Legal notice is just a letter having the stamp and sign of the lawyer and yourself and including all the details of transaction. It doesn’t require any other particular document, atleast not in your case.

Share

[User_54738179]

U

User_54738179
OP
January 21, 2025 at 9:57 am

Thanks dear…a great relief 🙏🏻

Share

[Mightyfalcon9189]

M

Mightyfalcon9189
PARTICIPANT
January 21, 2025 at 10:04 am

Welcome, but I should also tell you there is a high possibility of your friend backing out to pay the amount after you sent him legal notice.

Share

[User_54738179]

U

User_54738179
OP
January 21, 2025 at 10:05 am

Any solution to this ?

Share

[Mightyfalcon9189]

M

Mightyfalcon9189
PARTICIPANT
January 21, 2025 at 10:07 am

There isn’t any solution for this, you should try for one more time and try to threaten him about the notice, and see his reaction. If u see that he is complying with your demand then only send him the notice.

Share

[User_54738179]

U

User_54738179
OP
January 21, 2025 at 10:09 am

He agrees politely to pay … but no action…just words

Share

[Mightyfalcon9189]

M

Mightyfalcon9189
PARTICIPANT
January 21, 2025 at 10:11 am

Try what I have said, and see his reaction first. You’ll know his true intention to pay or not, then send him the notice by post.

Share

[User_54738179]

U

User_54738179
OP
January 21, 2025 at 10:14 am

I warned him many times, but he says yes m guilty I couldn’t pay, but surely I’ll pay soon

Share

[Mightyfalcon9189]

M

Mightyfalcon9189
PARTICIPANT
January 21, 2025 at 10:17 am

Make an installment arrangement and mention it in notice also. If he fails to comply with the notice you can approach the Fastrack court and they will direct the police. But in that case your whole transaction would be in question. That’s the only problem otherwise within 15 days you could have had your money.

Share

[User_54738179]

U

User_54738179
OP
January 21, 2025 at 11:18 am

😢

Share

[Ramyafalcon73]

R

Ramyafalcon73
PARTICIPANT
January 21, 2025 at 9:38 am

in Cash….

Bye bye, khatam, tata, good bye, gaya…

Share

[User_54738179]

U

User_54738179
OP
January 21, 2025 at 9:40 am

Bhai I need advice, not sarcasm.

Share

[Ramyafalcon73]

R

Ramyafalcon73
PARTICIPANT
January 21, 2025 at 9:50 am

That’s the advice. accept the fact that it’s not coming back. write it on a paper that I’m letting this money go in the name of god and I’m not expecting it to return nor I will make an effort to take it back and put the paper on fire…. swaha.

Henceforth never lend money.
Saying YES: losing money + losing friend, relative, whatever + peace of mind
Saying NO: losing a bad person from life

Move on in life taking this as lesson learned hard way, that’s the advice.

other ways could be you getting in acts that will backfire without guarantee of money coming back.

Share

[Author]

Posts