asking for cheque bounce case

dhirendra (Querist) 13 August 2016 This query is : Resolved
Sir i have a firm of seeds and pesticides and distributor of a firm we have given two blank non CTS cheques as security.afterCTS cheque system they taken two more cheques CTS as security .i have taken in writen that these two cheques are only valid if u return my previous cheques other wise ifif these cheques bounces their will be no responsibilty of us.but they drawn that cheque and bounced without retutning my previous cheques. Issued a legal notice to us in feb 2016 till then we started making payment but they have filed a case agaist us in may 2016. We have payed 90%of the amount only 10%is remaning what should we do?

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Guest (Expert) 13 August 2016
Hypothetical query. Question arises, why did not you get the original non CTS cheques in lieu of which you issued fresh cheques?

Rajendra K Goyal (Expert) 13 August 2016
Repeated query:

http://www.lawyersclubindia.com/experts/asking-for-cheque-bounce-case-611906.asp

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