A Card game change to disaster
Puneet Advani
(Querist) 23 August 2010
This query is : Resolved
Hi, i just got a legal notice from one of my collegue who use to work with me.
i will start off with what happened first:-
we were a group of 3 collegue who ised to play card game in our terms juuaa and normally it use to be a healthy game. about 4 months ago a game which at the end changed into a disaster was we were playing normal and the bet amount which normally use to be 5000-10000 went upto 20 lacks, till this time northing was serious. but then it turned into a disaster as my other 2 collegue started to ask for the money as i had lost.
i got presurised and signed and gave them a document which stated that i have taken a loan of 20 lacks from them and will reply them.
i also gave them 2 pdc of 10 lackh each.
Now after the entire thing was over, they called me up and tried to sort it out but did not help.
i did a stop pay on the 2 cheques which i had given them.
now today i got a legal notice which states :-
i know the person from 2006-2009 and had taken a loan of 20 lackhs in cash from him for opening up a new businessand also given him 2 pdcs. it also mentions that i have 15 days to pay them back.
i am not sure what to do as i am in big trouble. i trusted wrong people.
Please help!!!!
s.subramanian
(Expert) 23 August 2010
Lodge a criminal complaint against your friend making an open breast of everything that has happened. Do not hesitate. If the police do not take action,approach the High 'court seeking a direction to register a case. If you hesitate or delay,you will be doomed beyond redemption . Be careful.
AA RAMAKRISHNAN
(Expert) 24 August 2010
Betting is not legal. But the cheques given by you are misused against you. Now a case is made out under NI Act. where you are bound to give the money of the cheques issued against the loan taken. Giving loan in cash more than Rs.20,000/- is taxable but is not illegal. Now you made a stop payment of the cheques. Send a notice to the parties narrating the fraud played by them and the reason for making the stop payment. Make a complaint in the nearest police station. If they do not entertain make private complaint in a criminal court seeking the help of an criminal law practioner
aar krishnan
masood ausaf
(Expert) 24 August 2010
In addition to the above opinions of the experts you can also file a suit for cancellation of the documents illegally obtained from you.
