Personal Loan Default: Both Civil and Criminal Remedy..

Question:
I had a bank surety for my relation for Rs. 1 lakh. The relation did not repay the loan. The bank sent a notice. The had settled the Balance amount Rs. 80,000. Any possible I get the amount from my relation?

Answer:
You can pursue both civil & criminal remedy . You can give a criminal complaint with all the material proof to show that you paid for your relation and take criminal action for the offence of cheating if you want to punish him.

To recover the money that you paid for your relation, you have to file a suit (Case) for recovery of money. before filing of money suit, you should have the proof to show that you have paid the money for your relation.


If it is so, a mandatory notice has to be sent & if your relation fails to pay the amount after receipt of the notice, you can file a civil case.
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