Question: I lent 1 lakh taka to a person, and in return, he signed a stamp paper acknowledging the loan. However, now he refuses to pay me back. I still have the signed stamp paper. What legal steps can I take to recover my money?
Answer: If you have a signed stamp paper acknowledging the loan, this document is considered valid evidence in a court of law in Bangladesh. The stamp paper serves as proof that the person took the money and agreed to repay it.
Here’s what you can do:
- Send a Legal Notice: You can send a formal legal notice to the person demanding repayment. This is often the first step in recovering a debt.
- File a Lawsuit: If the person refuses to pay even after the notice, you can file a civil lawsuit in the appropriate court. The stamp paper will be a key piece of evidence to support your claim.
- Court Judgment: If the court rules in your favor, you may be awarded a judgment to recover the money, and they may also be required to pay additional costs or interest.