One of my friends, say X, had been working for a nationalized bank and he had a colleague in that bank, say Y, with whom he maintained good relationship. When the terms of relationship were nice, X gave some cheques to Y to hand over to one chit funds company without putting amount. Only his signature was appearing on cheques. Later there were some misunderstanding and dispute between X and Y and subsequently Y demanded Rs.2.00 lacs from X which X refused saying, in the matter that Y was referring to he is not liable. Y presented the signed cheque along with details in bank and payment was stopped by X. He filed case under NI Act and trial court had passed judgment in favor of Y, later when appeal is made to Sessions court, the judgment was in favor of X.
Now the position is such that there are many other cheques left with Y which he can simply fill up and present in Bank to again and again file cases under N.I. Act.
What is the best course of action for X in this scenario?
