Hi Sir!
One of my Partner got retired from our firm in a Partnership firm a few months back. While Signing his Retirement Deed I gave My Own Two Blank Signed Cheque & Two Blank Signed Promissory Notes as a Surety for his 20 lakhs, which the Firm is because of him after his Retirement. On our firm Letterhead with no Revenue Stamp, He gave me a Signed Acknowledgement stating that he Received My Instruments bearing Cheque No. & Promissory Notes in order to receive his Retirement Amount of 20 Lakhs. After a Month He received his 20 Lakhs from the firm & He gave Amount Received acknowledgement for it on 100rs Stamp Paper also BUT haven't Returned My Cheques & Promissory Notes. I was like No problem as I had his signed Letterhead acknowledgement. Suddenly after 20 days he bounced my cheque by some 3rd Person & filed false NI case against me saying 18 Lakhs Debt on Promissory Note & as a Part-payment, I gave that 3rd person 9 Lakhs Cheque & bounced it. I had proof of letterhead & proof that amount 20 Lakhs received by him after his Retirement. My question is will the Signed Letterhead with no Revenue Stamp acknowledgement he received my instruments stands as a proof to get rid of these false NI cases against me? & how should I Process further?
Please help me. Thank You!
