Legal Question in Credit and Debt Law in India

last year a friend from us deposited rs.30000 to my bank a/c as a gift for me for helping in some personal affairs. i've used the amount as it was non returnable becos it was a token of gift. 2 weeks ago the friendship soured and now he wants the gift to be returned back. he has threatended to complain against me, defame me and drag me to court if i do not repay him back his gift. he had paid me via "hundi" system (which i've learnt recently). he doesnot have any signed agreement (on paper or electronically to prove that it was a loan and not a gift)

Please advise me how much of this threat can be legally valid


Asked on 12/28/13, 4:35 am

1 Answer from Attorneys
anuradha Dixit +9312411481 dixitlawfirm

the fact that he deposited the amount in your account can be an evidence against you. how will you justify receiving the amount. The loan can be termed as a friendly loan for which no paperwork is needed.

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Answered on 12/29/13, 3:09 am


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