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18051977   06 August 2015

Cheq bounce

HI friends need your advice and citation to support.

My client has issued promissory note &  2 cheque (blank signed) to X party for the purpose of security for taken hand loan of Rs  .Meanwhile my client mother has mortgage her house to Y party for  lakhs and in that transaction my client has signed has a witness.

My client mother has got expired and become defualt for that Y party has filed the case and the suit is pending.Meanwhile  my client has defualted the x payment and subsquently  X has banked one cheq and sent a legal notice through advocate z

Since z advocate knows x and y and the case has been handled both by him he advised the Y client to take cheq from x and file cheq bounce case.And the advise of Z the   X gave the blank cheq by collecting due money from Y and didn't filed the cheq bounce case against my client.Now on the basis of blank cheq the Y has banked the blank cheq and filed the cheq bounce case for lakhs.

 

 



Learning

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