Cheque bounce and stamp paper bond proceedings

No they are no longer valid.

But you must repay the debts.

Regards,

Shonee Kapoor

harassed.by.498a@gmail.com

Thank you Shonee. definitely we are repaying it and its just that we need sometime before somebody harass us or take criminal actions against any one of us which will result in we not being able to repay

You meant no longer valid for my dad's signed papers, however they have taken additional security as mine, sisters, brothers and my mothers cheques and promisory notes- what about them?

Promissory notes would be valid, but not chques.

I agree with Shoneeji.

Krishnan...... You should repay the loan amount as per your capabilities. You have the moral responsibilities of your demise father's debt to return.

Thanks

Negotiate with the lenders, they would be more interested in getting back their money, rather than sending you all to jail.

You may be morally responsible for the debts of your late father. But your legal responsibility will be limited to any property that you and other family members may have inherited from your father. Of course you are liable for any surety or promissory note that you may have signed. In any case all are limited for periods specified in the Law of Limitations.