A friend guaranteed a loan for another individual who has defaulted on repayment, only returning a portion of the amount. The cheque provided has been dishonoured, and the borrower is now uncooperative, unreachable, and threatening legal action. The guarantor is seeking advice on the best course of action to recover the outstanding loan amount, including whether to file a case for the dishonoured cheque.
06 February 2022
Sir. One of my friend make gurantee of loan for his lady friend . She give cheque slip against loan.this is short term loan . Duration of loan for one month. Now she says that she not able to return back loan full amt.out 1 lakh loan she return back 45000. As per her talk she give balance amt as per her convence time. Interest also charge in this loan amt. My friend present cheque and it's become dishonour. She now says that she make a case against him for frequency asking other matter Both of them working in some company. Please advise what is next step taken in this case
06 February 2022
She now says that she make a case against him for frequency asking other matter. In view of the above Keep quiet other wise you will land in problem.
06 February 2022
Sir. Thanks for your information. if my friend first file a case against her for dishonor of cheque issue ?. Let's me know what is the smooth ways of get back this money without any problem. she still not co -operate with my friend( phone not picking and now block his number) more over she change per house also.