I gave 10Lacs loan to my uncle and received promissory note. this pronote for 10 Lacs was
executed in 50rs stamp paper, in which father and his sons agreed that: when I demand the loan
amount, if they don't have money to repay, they will sell their assets and pay my loan.
Can this be considered as valid Loan agreement?
When I actually asked him to return money, he gifted his 3 properties to daughter and filed for insolvency.
After he made gift, I issued lawyer notice to him to pay my loan amount, then I filed money
He did not fulfill the loan agreement. he gifted his assets. I have EC showing the gifts to
daughter. I have certified copy of this gift deed documents. I have lawyer notice copy and plaint
copy of money recovery suit.
I want to give criminal complaint in police station. this comes under what section of Cr.P.C?
Please suggest me.