Old cheque - can we file suit ?

Dear All,

We have given money to someone and against that we have taken cheque as a security . blank  cheque was taken in the year 2011 at that time  name was printed on the cheques , after 2012 new cheques came in the market which were containing name of ac holder as well. 

I want to know 2 things - we can still present old cheque to the bank for payment , 2. and if yes then will bank issue us cheque dishonour memo if there will not be sufficient balance ?