MONEY SETTILEMENT
Querist :
Anonymous
(Querist) 02 April 2011
This query is : Resolved
Subject : Money Borrowing
Message :
Sir, i am a managing director of a pvt ltd company and company projects investment purpose taken 5lakhs rupees from one person, he is taken promissory note signs on revenue stamp as a seurity of the investment of his 5 lakhs money, the promissiory note nat having any draft only signature. i am investing the project amount it is not yet received from the client (govt), but he pressures to pay my money, so iam pay the money through cheques 1 cheque amount 50,000 from my personal account in the name of his name account pay, but he is change the name in chq and misswithdrawl from other account name. it is recorded in bank statement. 2 one cheque amount 4,00,000 from my company current current sign of me and my director both signed and issued the chq to her name. he is withdrawl the amount also, bank statement recorded. he is recently asks you are not paying total amount you are paid only interest and you are not pay the amount i will go for court like this way he is disturbed me. So, i want to clarify the amount 5lakhs way of cash only receives from him personally. and re pay the amount through chqs one personnel account and company account, if i file a case against him misplace the chq 50,000 rupees. and we are paid the amount through company account 4lakhs that is also we are file the case as per company laws. please clarify the our doughs and give me the best solution.
M.Sheik Mohammed Ali
(Expert) 02 April 2011
you first send the notice to the money lender
regarding that aforesaid statement and no due, and misplace the our money also.
G. ARAVINTHAN
(Expert) 09 April 2011
why you have not sent notice so far?
