Legal Action To Recovery Unsecured Loan And Interest

I have given unsecured loan to a company, for which I receive interest, but after the maturity date, I haven't received my capital nor the interest. It's been 2 months now and they are telling we will give, but till now I have received nothing, what ... Read More

I have given unsecured loan to a company, for which I receive interest, but after the maturity date, I haven't received my capital nor the interest. It's been 2 months now and they are telling we will give, but till now I have received nothing, what is the legal process here?
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Answer (1)

Saachi Khurana

Saachi Khurana

  • Sector-1, Noida

In this case, if the company is not paying back the loan you can send a legal notice from your end. If the legal notice is not acknowledged by the other party then for recovery of amount civil suit can be filed in the court.

Answered on 19 Oct 2019


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