Debasis Ghosal (self employed) 05 March 2010
Dear Sir,
One of my client has made a project report for a private limited company. After the loan got approved the director refused to pay any money. There is no written agreement but verbally it was said 2.5% of loan amount of 7.5 crore.Now he has some blank cheque signed by the director which is not yet stopped and my client wants to encash those cheque which is in his possession to get his amount . He is worried about the after cosequances from the company .Pls advice.
Meenakshi (Lawyer) 05 March 2010
Arent the blank cheques given for the purpose to be encashed,against the project report ?
Debasis Ghosal (self employed) 05 March 2010
No mam these cheques were lying signed and he has kept those now he is intending to use them. I have learnt that it was the persons habbit to drink and sign cheques not caring to be negotiable instrument.There is dozons of such cheques lying here and there .
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