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UExactly this…Take responsibility, you moron. You got married and that’s it. Don’t try to get out of it by using some stupid excuses.URaise an invoice to your friend through an entity(your current business or you can get a friend’s company) for services provided or goods sold, then take a cheque against that invoice. If he returns the money then fine otherwise go ahead and put a case for a bounced cheque, this is the process most Pvt money lenders use.URead carefully what he has written…
My dad had given his friend 7 lakh INR as an investment a while back. In return, he used to receive monthly interest payments.
Received monthly interest payments means it was treated as a loan and not an investment. If you know anything about business then investments work on profit and loss and not monthly interest.
UYou can’t just file a police complaint for lending money to someone and then u charged interest on it. Only banks and NBFCs can give loans. Individuals cannot give loans.In case you have given a loan to someone you have to secure it with a cheque that has been paid against an Invoice that you have raised to that person for goods or services. And then you have to deposit that cheque. When the cheque bounces you can go to court with that bounced cheque and start the legal process. I know it’s complicated but this is the one way you can secure yourself for personal loans. This is the way professional money lenders are securing themselves.
If you go to the police and say you lent money to your friend and he is not returning it now they will say “Did u ask us and give the money”?
