Signed blank cheques given

Why did you give blank cheques rather that filling the exact amount of debt...??

He may have a laegal remedy if you've elapsed the timeline for debt....

AVOID a cheque bounce....

Thanx

At that time, I was very stressed. I needed the money so badly, which had to be paid within 5 hrs to save my property. Hence, I trusted him and gave those cheques. Not only that, he took signed blank promissory notes and blank stamp papers too. I need a lot of help to come out of this situation. God only knows, what he is planning to do with those documents.

Shuaib....Dont worry...He has no legal right to claim anything beyond what you owe him...why dont you pay what you borrowed?

He has a cause of action only if you do not pay the borrowed SUM....

When did you promise to pay back? you got any written proofs?

He has certailnly caused undue influence under sec 16 of the indian contract Act....

Thanx

First of all, many thanks for your precious time and concern for me, Chetan. Actually, that man is working with two of his other friends and I owe money to one of them and this guy is mixing up their issues as well and all three of them are planning to snatch all my properties. I posted an another scenario which played a hand in giving those signed documents to him, which I posted in the property law forum. However, I will copy and paste it here also, so that you can read it. Here it is...

Though I am ready to give back his lease amount as soon as I can arrange it, he will still cause trouble to me as his other partner claims that I owe him 1crore 90 lakhs, which is almost 4 times more than what I took from him at that time to save my property from DRT. At that time of rush hour, he told me to repay 1 crore 90 lakhs in return of the 52 lakhs he lended me, to which we both agreed verbally, but there is no written agreement. And instead of that I am offering him a property worth 52 lakhs, but he isn't in a mood at all to take that. He wants a complete 1crore 90 lakhs and the other wants his lease amount and along with interest rates, they are claiming nearly 3 crores. Now I really get to see their wicked side. But, my first priority is to get back my function hall asap and to get protective against their legal actions courtesy signed blank documents. But still dont know how can I achieve the above 2 goals. I am in talks with couple of attorneys and they are studying the case and yet to take a solution out. I dont think the court will grant me my property back in our first meeting itself. God only knows!!!

You can not get proper solution for such a big case on a public site, however learned experts can give you line of action which may deffier from person to person.

IiTHIS HAPPENS IN MANY CASES WHERE LOAN IS TAKEN TO OVER COME TEMPORARY PROBLEMS AND AGREEMENTS ARE SIGNED WIHTOUT LOOKING TO ITS COSEQUENCES LATER. HOWEVER IF PROPERLY CONTESTED YOU CAN EASILY COME OUT OF THIS PROBLEM.

Many thanks for your reply on this matter. I am in serious talks with a couple of attorneys holding a good record. Praying hard for an effective solution.