5 Lacks loan was given to a SC person 3 years ago, to which he was repaying back the interest for 6 year after which he stoped repaying the interest or the loan amount. From last 2.5 years he was telling he is duty bound to return back our money but is not returning or picking our calls and avoiding us now. We are now having a feeling he might put false SC Case on us if we proceed legally. We work as employees and any police complaint will affect our carrer
We have a cheque given by him and also loan amount is given by Bank transfer. How to go about leagally about this matter without false SC case? Can we proceed leagally or is it risky for us to proceed legally?