Cheque returned with a reason that "cheque unusable"

  You saying you have strong proof of money transaction. Before sent the notice you had any written communication regarding to demand the said money? if then you can initiate action by case either by civil or by criminal or both .You consult your lawyer and act according the scenario

but he included me another 2 persons even i dont know their faces

It is a clear case of cheque fraud falls under section 138 of Negotiable Instruments Act.
since the amount was transferred through electronic form he cannot refuse it.
ignore his reply notice, you send a demand notice and file a case u/s 138. He will come for a compromise.

The cheque is stated to have been issued on 31.12.2021, is it post-dated ? If so, how did the bank accept ?

There are about 21 reasons for return of a cheque by the bank duly dishonoured, whereas "unusable" reason is not there, as stated by you. Please recheck.

Show the cheque and bank memo with all relevant documents to a local prudent lawyer for appreciation of facts. documents, professional advise and necessary proceeding.

There is no such reason for the return of the cheque "unusable" as known to me.  The proper way is to approach the bank that returned the cheque and seek their correct reason.  It appears to me that a non-MICR cheque was issued and as per the digital system, such cheques are not processed in the clearing.  Immediately, you have to visit your own banker and ask them to present the cheque directly out of clearing as a Local cheque for collection.  There is no such law that prohibits another bank from presenting the cheque directly, and it was a practice for hundreds of years before the advent of digitalization.

AGREE with above Expert Views.

Keep Smiling .... Hemant Agarwal 
VISIT:  www.chshelpforum.com

Yes,it is correct that dishonour of cheque due to reason " unusable " is no ground to dishonour the cheque besides the above reason after receiving the notice u/sec 138 ( b ) of N.I.Act why didn't the drawee comply with notice? Cheque return due to any reason comes under the purview of sec 138 of N.I.Act. so I will suggest you , file complaint before court having jurisdiction.

1. When you lent Rs. 650,000/- What were the document/s you had taken duly signed by the other person and the document is properly stamped?
2. On whose account the blank cheque was given to you. Did you verify the signature on such cheque with the signature on the document signed by him to take the loan from you?
3. The dates in your query are all post-dated. How come the cheque was presented with such post dates?

 

It is a clear cut case of cheque dishonor. 

The dishonor of cheque is a criminal offence and is punishable by imprisonment up to two years or with monetary penalty or with both.

A Magistrate can take cognizance of an offence of dishonor of Cheques under Section 138 of the NI Act only on a Complaint from the holder in due course (in this case the person in whose favour the cheque was drawn).

You may not worry about his reply to yor legal notice.

You have a cheque issued by him which since bounced, hence you may proceed with the cheque dishonor case under section 138 NI act.