Hello Sir,
I gave Rs 1,00,000 to my cousin in Apr 2009 for his business. I have transferred this amount to his friends bank account and that time no promissory note was written. Till today, he has not paid to me and recently (Jan 2012) executed a Promissory note for the same with his Own Signature and hand writing. It is mentioned that 2% per month as interest. While executing he promised me to pay the amount in installments and have not paid single rupee until now though he is getting good salary and he and/or his family is not attempting my calls and started fighting with me when I ask them money.
Please advice me how to recover money from him?
Thanks in advance.
Asked on 7/31/12, 1:44 am
2 Answers from Attorneys
Aniruddha Pawse
Aniruddha.P.Pawse Advocates
engage a local lawyer and file a suit for recovery.
Answered on 8/03/12, 4:47 am
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