sec138

Vague and confusing facts.

Redraft and repost.

Without proper authentication by the drawer, the cheque with material alteration is bound to get bouncing.  This is a simple issue that can be sorted out as the company may have to receive interest and expenses, and they are bound to give acknowledgment and you must have insisted on the receipt with words full and final settlement.  If your worry is about dishonoring of cheque, do not worry as you have sufficient balance on that date and entries supporting the cheque no and amount in the ledgers of the company.  Many facts are confusing, how the third person a company is aware of the actual balance is not known.  When both parties are interested in an amicable settlement, do not get worried about the actions of over-smart employees, as over-smart actions brought them criminal actions against them as material alteration of a negotiable instrument is a criminal offense.  First, hear the versions on record of the other party, before seeking guidance.