I am a director of a private limited company
Someone had recently filed FIR against my company under section 420. Police are currently investigating the same. Police have frozen my companies bank account.
I had issued a post dated cheque to one of the creditors of the company.
I had informed the party about the frozen account but they still went ahead and deposited the cheque.
Now they have filed a 138Case against me. I agree that I have to pay the party but considering the current situation I don't think I will be able to do the same for another 6-8 months.
The Party is not ready to wait and I have received the summon of 138
My questions are
- What will happen on the first date at the court
- Considering I am not denying the liability and have every intention to pay how should I proceed.
- I don't have a lot of money so what's the easiest and cheapest way deal with this case.
I thank you in advance for all your help. I am from Thane, Maharastra
