Dispute regarding cheque bounce and company
I am an engineer and basically doing research on fuels. A year back I came in contact with two people X &Y from Sonipat who offered to fund my research for the purpose of setting up an industry. Intially they promised Rs.10 lacs .They transferred Rs.5.5 Lacs from their personal account to my wifeâ€™s and brother account.
We also formed a company with me and Mr.X being the director with 40 and 60% shares respectively. Two months back they started asking me for the money and threatened me. I had also sent the machines to their factory. I have filed a case against them.However I had forgotten that they also had one of the blank cheques of the company signed by me with them. The bank account is operated jointly by me and Mr.X. Mr. X misused the cheque by making it bounce by showing a payment of Rs.21.5 lacs against one of his friends.
He also made himself one of the accused. Now a legal notice under Sec 138 of NI act has been served upon me and it has been alleged that a friendly loan had been given to us by the complainant while no transactions of this magnitude has been done. What am I supposed to do now?
The case pertains to provision of section 415/406/120B of IPC, lodge case against them under the above mentioned section, you can also reply to that Legal Notice that no such loan was taken by your company and claim of amount can not be entertained.
- Disclaimer: The above query and its response is NOT a legal opinion in any way whatsoever as this is based on the information shared by the person posting the query at LawRato.com and has been responded by one of the Cheque Bounce Lawyers at LawRato.com to address the specific facts and details. You may post your specific query based on your facts and details to get a response from one of the Lawyers at LawRato.com or book a Detailed Consultation with a Lawyer of your choice to address your query in detail.
Get Started >>