I have entered in notirazed investment aggrement with Builder (Like buy back plot scheme). Builder issued monthly interest checks as well as principle amount check as PDC against my investment. Recently the monthly interest check started bouncing for insufficient funds. Builder has closed the office and not picking the phone, not tracable at present.
When I checked with lawers one suggested civil suite for recovery of amount as objective is to recover the amount. Other suggested we will put 138 NI case which will put pressure on the accused to compramise. Onother suggested go and file 420 case in police as there are number of such cheating cases and the builder will not be tracable and hence 138 will not yield any results or even civil for that matter, only possibility is 420 resulting in some recovery.
Considering my hard earned money I am worried that is there a possibility to get my money back ? and confuesed on how should I proceed. It is like asking multiple doctors for second/third openion and you get different openion.
Please provide your inputs as experts.
