How can you legally recover your money?
I gave a cash loan of ₹1.4 lakh in 2023, but the person is not responding and has not repaid any amount. What legal action can I take?
Dear Client, The Indian Contract Act of 1872 Section 37 requires parties to complete their contract duties because non-repayment of money creates a contract violation. You may issue a legal demand notice and afterwards you can file a civil recovery lawsuit according to Order IV and Order VII Rule 1 of the Code of Civil Procedure 1908 within three years which Article 19 of the Limitation Act 1963 establishes as the maximum time limit. The police can charge the borrower with criminal cheating under Section 318 of the BNS 2023 if they obtained money through their dishonest plans which follow the BNSS 2023 and the BSA 2023 establishes the methods to evaluate evidence.
You can send a legal notice demanding repayment of the loan. If payment is not made, you may file a recovery suit or criminal complaint for cheating and breach of trust. Bank statements, messages, or witnesses can be used as evidence to support your claim. For further legal assistance contact us on our helpline number.
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