Swati 23 September 2017
Vijay Raj Mahajan (Advocate) 23 September 2017
You venture out in events worth lacs of rupees with associates and all is done verbally without any written contract or MOU and when suffer losses you seek free legal advice from lawyers and legal experts. If you have documents to show and prove return of money or bank transfer details than only you have case to avoid repayment of money demanded, otherwise face charges under section 138 NI Act.
Siddharth Srivastava (Advocate) 23 September 2017
Since cheque was issued by you hence on the same being dishonoured you are liable to face repercussions. You have the option to pay and tender the cheque amount in response to the notice or at the time of your first appearance in case, if filed by him u/s. 138 NI Act, in court or to prove that at the time of issuance of cheque there was no existing debt or liability and the cheque was without consideration etc.
R Trivedi (advocate.dma@gmail.com) 23 September 2017