Bond Paper Agreement For Money

1. Instead of an obligation, make a loan agreement with all the conditions. Hi, Shreekant. This is a very good article. I have a doubt, so if you can only help me, it will be great. I know someone thanks to my cousin who would take a sum of 1 varnish and pay 1 year 5000 per month, and after a year he will return 1 varnish. Honestly, my profit would be 6,000 francs for the loan. He calls it an investment. He says he will give a bond paper that says he received 1lack from me and after 12 months, 1 lack of me will be reimbursed. But it doesn`t mention anything more than 5,000 monthly payments. What I want to know is that if he includes the monthly payments in the contract document and he doesn`t pay me those payments, could I pay him in court to get my money back? Will the bond paper be valid to fight it in court? Subsequently, the agreement must be notarized or registered.

Mr Reddy, thank you for the operation of such an instructive platform, my questions are out of the question and nevertheless relate to the subject. A year ago, we sold our ancestors` gold to a neighbor because he paid about 5% more than jewelers. It was sold for $10,35,000 35,000 was paid in cash and the remaining 10 defects were transferred to my father`s account through neft. Now, after 1 year, his ruse took a new turn and pronounced a civil action that the transferred money (10 missing) was an interest-free loan for 1 year and we have to return it and also pay interest after termination. My father is very tense after receiving the message. I would humbly appreciate it if you could guide me with my options. Hello, thank you for this voluminous article. Pl, tell me the amount of bond paper needed to enter into a credit agreement for 6 Lakh. My father signed on 100 rupees Stamp (Bond) paper, no matter how the lender filled out the details saying my father had to pay 4 lakhs.

We plan to repay in cash. There is no specific evidence that we are paying the interest rate of 10 Ruppess. Anyway, when we went to the settlement, we said that he calculated the interest rate of 10 rupees and abused the empty bond paper that my father had signed My opinion on lending money to friends or family: I want to know how to get the repayment from him, as there is no proof of cash payments as transactions. Is there a way to approach me legally and get the full refund? I also recorded his call recordings, in which I mentioned the amount and date to give the money, and give his answer, which also confirms. But in reality, it only delays and I am afraid of losing the amount in the end. Dear Sarfaraz, while they conclude the loan, your banker could ask for the source of the funds, so it is better to conclude a credit agreement between the two parties (yourself and your friend). Dear RK, suggest not to lend money in cash mode. If necessary, you have to go up to RS 2 Lakh in a FY. Hello, six years ago my father gave 200,000 and undersigned paper. For 6 years, he has paid interest in cash. Now, for some reason, he can`t repay the interest.

Can we take any legal action.is from this bond paper that is only valid for three years? A debt instrument is a negotiable instrument under section 4 of the Negotiable Instruments Act 1881. . . .