Shweta Deshpande (Not Applicable) 26 August 2013
Hello Sir, My husband has paid to one of his friends Rs. 5 lakh for business purpose on loan. Now this person is not ready to return the money. He had given a cheque of partial amount of Rs. 1.25 L which was dishonoured.
In this case, what can be done by us from legal perspective?
Thanks,
Shweta
SHIRISH PAWAR, 7738990900 (Advocate) 26 August 2013
Advocate Bhartesh goyal (advocate) 26 August 2013
Yes,initiate proceedings u/sec 138 of N.i.Act against your husband's friend.
Manish Kumar Gupta (Deputy Legal Manager) 29 August 2013
Dear Sir,
You can initiate 2 proceedings against that person simultaneously -
1. Sec 138 Negotiable Instrument Act Proceedings for Rs. 1.25 L
2. Civil Recovery Suit for Rs. 5 Lakhs
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