My late father had kept 1lac of Fixed Deposit each in 2 companies - ABC investments and finances & XYZ co-op credit society.
The proprietor was my father's good friend. but having his buisness gone bad, he has not been able to return our Principal amount after maturity...and when coaxed to give it back he has been giving it back in monthly installments of Rs. 5000/- each. lately, 2 of his cheques have bounced.
What action can i take against him so as to atleast get back my principal amount ? I have the Fixed Deposit reciepts given by him.