I was browsing verdicts of cheque bounce cases , And in most of the cases
1.court's sentenced borrowers of friendly loan .
2.Accused always claimed their cheques were stolen or taken as blank cheques
While court's always favoured complaintaint in such cases
now my question is ? A has taken loan from B and issued cheque's as security or signed some documents ?Now there are huge chances that B manupulate A's cheque
My question is IF B is taken Signed cheque's from A why not he transfer loan amount to A's account to keep deal more transparent ?
Taking blank cheque's etc simply allow to B to charge 20% interest per month or it is most likely he stole cheques and present it in bank , Lot of fraud can be done , You can take anyone's sign in deceptive ways .
Is not it better to make a law that loan taken in bank account should be considered as valid loan . It will make law more transparent and save lakhs of people . And people will respect law more
i
