One of my friends has received a cheque amounting 10,000 rupees in his favour (as both the names are similar) from LIC of India; actually that cheque belongs to somebody else but accidentally the cheque was credited in my friends account wherein the amount was used by him and later the actual beneficiary of that cheque approached him and demanded for the amount which had been used by him, and on his demand my friend agreed to return the amount of 10,000 rupees to the beneficiary, but the beneficiary is now demanding a sum of 20,000 instead of actual amount to which he is entitled because my friend held that amount for some months together. Now, I would like to know the necessary legal actions which the original beneficiary can take on my friend? And is there really any way to take legal actions on my friend as he is ready to pay the same amount which was used by him? Now how my friend can get rid of this issue? Does my friend really need to pay what the other person is demanding? What happens if my friend does not agree to pay the demanded amount? Does my friend will face any police action in this regard?
For your information: my friend used the amount intentionally as a sign of greed. My friend is now ready to pay 10000 rupees.
Reply would be highly appreciated.
