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borrower not giving back the money. what are my options
08-May-2023 (In Cheque Bounce Law)
I have given some money to one individual who in turn gave me undated cheque of his company. he is not giving me the promised interest for last 6 months nor returning the principal amount. shall I submit the cheques to my bank which will be bounced as there is no money in his account. I want to know the course of action to recover my money.
You have to file case under 138 of NI act in order to recover money , or you can file police complaint in this matter under section 420 , you should have proper documentation in this matter with the original cheques
Helpful?
25+
25+
Adv. Raj Girish Suwalka
Udaipur | 25+ Answers
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First of all those cheque present in your bank account if you received that money by that cheque than well in good author wise u will receive that cheque with return memo with this cheque than u send a legal notice of his company and after 15 days u can file complain again his company
Helpful?
18+
18+
Adv. Manoj Jain
Kota | 25+ Answers
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