Ni act

there is a limitation for NIACT cases and for filing suit it should follow limitation strictly. while taking cheques from your friends what proofs do you have, are you having any evidence to show that the transcation is a legal enforceable debt. the cheque is supported by evidence i.e., promissory note or letter etc., other wise you have to work hard to prove your case. Your friends cannot take any action against you. you file complaint before the court without delay.

manoj 

advocate

8686159292

Sir, the evidence part plays a prominent role... in ur case...

First have confidence.  The burden of proof on the other party is very weak.  It is not easy to establish that Rs.5 lakhs were paid, as it should be sufficiently supported by adequate account books, income tax and other considerations of generating such income on that date.  They may want to encash your innocence and playing tricks to evade payment.

Contact your advocate and he might have seen thousands of these old tricks and games of borrowers as the stand is one and the same by all defaulters.

Hi,

As per your statment you gave 50Lakhs, if you have proof and showed income tax return, if you have all the proof, then you file NIA138 case. you will succeed your case

First of all keep your fingers crossed , if any vigilant lawyer came against you. First thing is you admitted that loan was given 5 years back and second limitation for recovery of any loan given is 3 years and if u even have cheques they are for a time barred debt and 138 is for legally enforcable debt and your debt has become time barred and if  cheque is issued for a time barred debt and it is dishonoured the accused cannot be convicted under Section 138 of the N.I. Act. simply, on the ground that the debt is not legally recoverable–