i am in IT buisness from 2007 , and my age is 29 years , at till date , i started buisness with with of the leading IT distributors of IT namely ses technologies in 2008 and i was nearly 24 years old and was unaware of the consequences of issuing a blank signed cheque . and the buisness was running smoothly , we billed on terms of cash.
now after few months of buisness they convenced me some how to expand the scope of buisness with them and they will provide me credit facility of 21 days and asked me to deposit the cheques on time and their branch head insisted me to provide some blank cheques as a security , without date and amount.
After a certin time their was a serious fraud in company and company started winding up and at the same time some of the dealers who owe me money did not paid me the money and i was financially a bit week for couple of months .
i did not paid the pending dues to company on time , they instructed me to pay the dues or else they will utilize the cheque. i starded to collect the amount and used to transfer them in parts.the amount they demanded was nearly 1,48,000.
our transactions/relations(me and ses technologies) were wholly commercial and hence we are only liable to pay amount againest raised invoice.
and one day i received the notification from their lawyer , i did not minded it and replied back to local branch office instead of lawyer.
and then i continued to deposit partly payments. now the company has sent the chq for clearing and it was bounced due to unsufficiant funds.
but i have already paid the amount and have only holded nearly 20,000(twenty thousand rupees) for the purpose of damaged / warranty material.
i again called their H.O at mumbai. they convenced me that we will hold the case and start internal (departmental )audit to look into thematter and i was satisfide.
now nearly after 8 months i am reciving a letter from mumbai metropolitan court "show cause for not issuing NON BALABLE warrant for not attending the court "
and the worst is i lost the notice.
Now please suggest me what to do
