10 lakhs cheque bounce

is it a post dated cheque.in that case the cheque is valid for three months from that date and not after that.so you have to drop the cheque within that time and if it gets bounced the bank will issue a checque return memo.with that you have to send a demand notice to the person and this must be done within 30 days of recieving the return memo.if he doesnt care to settle the amount you can file a case u/s 138 nia.if proved the defaulter will get five years imprisonment and has to settle double the amount in the bounced cheque

Dear, Yes you can file a police complaint for the fraud and cheating committed and also drop the cheques so that you can pursue further in recovering the said amount and you can also file a recovery suit as well ..... Kapil Chandna Adv 9899011450

Ten lacs is not small amount so every  body will  take  your story with various motives.

 

Move wisely. Immature advice like police report and fraud etc will bring more troubles for you.

 

Easier method is civil case where you can get decree and it will remain alive with interest for TWELVE  years.

 

You can also put NI 138 case but with an expert advocate .

 

Irrational and rash actions may bring more problems. Remember there may be similar counter options  to the other side. For  workable proper legal  solutions, send details by mail.

case under 138 somebody pls explain me

There are simple legal solutions for legal debts by summery suits. You will get update interest and decree will remain alive for twelve years . There are parties who also buy legal court decrees and pay you upfront.