Cheque bounce

teja (Querist) 02 July 2012 This query is : Resolved
hello sir,
i have taken money rs.2,00,000 from my friend with an interest of rs.3 inorder to return the money to him i have given a cheque to him but the cheque has been bounced. so he had send me a notice from court to return the money but i dont have money to return to him. so what should i do to escape from this.
or how should i proceed further in this case. what action they may take on me regarding this case.

Follow Query

Report Abuse

Dr J C Vashista (Expert) 02 July 2012
you have no alternative but to contest thru local lawyer and/or compromise

V R SHROFF (Expert) 02 July 2012
u shd hv replied 138 notice.

usually only after rebounce, a notice within 30 days and court case after 15 days . How u directly recd court notice??

If at all, just defend c good Advocate.

SAINATH DEVALLA (Expert) 04 July 2012
Escape from him a good "PHRASE",did'nt you think of it when your were taking that loan.You have only 2 options(1) repay that amount and compromise or (2) contest the case engaging an experienced lawyer in NI Act.

Previous

Next

You need to be the querist or approved LAWyersclub expert to take part in this query .

Click here to login now

Similar Resolved Queries :

Ask Query
Unanswered Queries