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RLent money to a friend who promised me to return in 2 weeks, but hasn’t returned in 2 months. Need help
An old friend reached out to me recently, requesting financial assistance of ₹1,00,000. However, he asked me to transfer the amount digitally to his friend’s account, citing issues with his own bank account at the time (both of them were traveling together). He promised to return the money within two weeks, but it has now been two months. I’ve been reaching out to him repeatedly to remind him and ask for repayment, but I keep receiving all kinds of excuses. I urgently need the money now to cover my bills.
I have the following evidence to support my claim:
1. Chats where he requested the money to be sent to his friend’s UPI/bank account, along with the relevant account details.
2. UPI transaction records showing the payment to his friend’s account (which I suspect could be a mule account).
3. My call history and all text conversations where I have followed up with him.What steps should I take next? Would issuing a legal notice or filing a money recovery suit be effective?
Since the amount was deposited into my friend’s traveling companion’s account, would the suit still be applicable in this case? If yes, how effective would it likely be?
He has also offered to repay me in cash, but I’ve avoided this due to concerns about potential foul play.
Lawyers/Experienced folks, please suggest the next steps. -
NNAL
You are getting an expensive lessons on lending money to friends.
Anyway, technical answer, best recourse for you is to send him a legal notice to return the money, if he doesn’t follow a recovery suit. Since you have the chats, you have hint of a contract. Since the amount is not too big, i hope your friend will realize the cost of fighting in court will be much more than a mutual compromise.
However, on a personal note, you will end up spending significant amount of money, if you go above path and it will be years before you see a dime. So make your choice wisely.
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HSend a legal notice marking both your friend and the person to whom the amount was actually paid. Hope that he returns the money to you without going to court, as a long drawn fight in court over Rs. 1 lakh would not be worth it for both of you.
If he does not return the money, you will have no choice but to file a suit in a civil court. Since you seem to have decent evidence supporting your claim and there is an urgency, you can file an application for urgent ad-interim relief along with the Suit asking for requesting the court to pass an order of deposit. -
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