Friend refusing to honour verbal contract
I had lend the amount of Rs. 10 lacs to friend in his firm with a verbal agreement that he will return the money in 2 months with 12 % interest per annum. But after 1 month he refused to honour the verbal contract. What legal standing do I have? I know he has not invested the money yet and is sitting in his bank account. What can court do in such matters?
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