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I gave ₹4.5 lakh to someone, and he has returned ₹3 lakh but has not repaid the remaining amount. Can I take legal action against him to recover the outstanding amount? I have written proof of the transaction, which has been signed by him and all his family members.
Since you have written and signed proof acknowledging the transaction and outstanding amount, you can legally pursue recovery. First, send a formal legal notice demanding payment of the remaining ₹1.5 lakh within a specified period. If payment is still not made, you may file an appropriate civil recovery proceeding, depending on the documents and circumstances. Preserve the original written acknowledgment and payment records. For further legal assistance contact us on our helpline number.