Can anyone advise me, what legal action can be taken to get back the borrowed money?
I am in a big trouble now. An acquitance of mine has borrowed from me a large sum of money (I have taken it as a loan from bank) for relocating his business establishment from Musherieb, due to demolition. He borrowed the money in October 2010 saying that within 3 months, he will return it.
Till date, he did not return a single penny and I am in dire need of money now. Believing him, I did not take any document signed from him. He always says that he will return the money, but he is not giving me any date.
Please advise me what legal action can I take against him to get back my money.