Golden Forest

Querist : Anonymous (Querist) 25 December 2009 This query is : Resolved
One of My Client ( S M Afzal ) in 1994/1995 has invested in Golden Forest India Limited .Under Guarantee cum Performance Deed dated 29-3-1995 the said com issued a posted Cheque for Rs;- 1,02,000-00 in favour of my Client for the Unit repayment , the said Cheque is retunred un paid for the reason that the Accout is closed / Transferred .

I request learned friends to advise my client and calrify on the following points ;-

1 Is there any approved repayment scheme in respect of the said comapany - Repayments

2- The Cheque dt;- 3-8-2009 drawn on State Bank of patial Panchakul is retunred un paid which was issued to my clinet along with Guarantee cum performance Agreemetn dated 29-3-1995

3- What is the course of action on behlaf of my client for recovery of his due amount form the said company - Regd Office 834 Golden House Manimraja ( UT) Chandigarh

Thanks in Advance to all the experts

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Raj Kumar Makkad (Expert) 25 December 2009
Your client had to give a notice to the company within a month of the intimation received from his banker about of dishounour of the aforesaid cheque but he has lost this opportunity and now he can file a suit for recovery in civil court wherein he has to submit advolerum court fee.

Khaleel Ahmed Mohammed (Expert) 25 December 2009
The question of limitation will be arise if civil suit filed.

Sachin Bhatia (Expert) 25 December 2009
File a complaint for cheating and fraud against the company.

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