oan amount of Rs.5 lakh

This is a discussion on oan amount of Rs.5 lakh within the Civil Litigation forum, part of the ATTORNEYS, COURTS, LITIGATION category; India I hav given loan to my friend for an amount of Rs.5 lakh 5 year back.Still he never paid ...

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Old May 5th, 2009, 10:57 AM   #1
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Default oan amount of Rs.5 lakh

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I hav given loan to my friend for an amount of Rs.5 lakh 5 year back.Still he never paid me one rupee also and more than last year ie 2007 he has given me bank cheque for an amount of Rs.5 lakh and its return from bank saying insufficient fund.just want to know can i give complain now based on the return cheque on him and same time he has signed empty 100 rs bond paper. kindly advise.
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Old May 6th, 2009, 09:47 AM   #2
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Default Re: oan amount of Rs.5 lakh

Consumer court or regular court will review and give an order that he pay -- the order is enforceable by all standard collection methods. You might tell him that is your next step.
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