Apni Law Staff asked 3 years ago
A friend borrowed a significant sum from me, promising to repay. Later, he refused to honour his commitment. Feeling betrayed, I insisted on a guarantee. He provided blank company cheques and a signed affidavit stating his willingness to repay. However, he subsequently stopped the cheques and disappeared.
1 Answers
Best Answer
Apni Law Staff answered 3 years ago
Based on Indian law, the friend’s refusal to repay the loan and subsequent dishonoring of the cheques constitute a breach of contract. You can file a civil suit against him for recovery of the loan amount, presenting the signed affidavit and blank cheques as evidence.
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