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A friend borrowed 5 lacs gave a cheque of 50000 which got bounced
01-Mar-2023 (In Cheque Bounce Law)
Hello sir One of my friend took 5lakhs rupees in month of August 2017 as hand loan .he neglected paying back till december there is no response.in jan he has given a and submitted one cheque for 50000 partial payment .when we go to the bank it was dishnoured Please let us know how we need to proceed legally. And it was really fed up for us to recover money Please say us the solution to punish him legally Regards
Sir immediately issue a demand legal notice by an advocate .If he doesn't repay you can file cheque bounce case against him which is a criminal case , and you can get the cheque amount in quick time.But issuance of legal notice prior to filing of case is mandatory.
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Issue notice immediately within 30 days from the date you recived memo from the bank. Get the notice issued by Advocate to avoid any mistakes. Give him 15 days time for payment. If there is no reply from the defaulter file case within 30 days from the date of expiry of time given to the defaulter. THis time periods are crucial called as limitation period in law. Second option is to file a criminal complaint directly in court for cheating. Third option to file a civil case for recovery of money. Fourth is give a complaint to police for cheating.
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Adv. Rajasri Manche
Hyderabad | 25+ Answers
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Hello Sir,
Is there any agreement between you and your friend about its repayment, did you collected any security for it, if not you can do one thing, please take his signature on the promissory note, so that you can recover the amount. Now what you can do is sent him a legal notice U/sec. 138 of N.I.Act within 30 days from the date of cheque bounce, then you can able to file criminal complaint against him.
Is there any agreement between you and your friend about its repayment, did you collected any security for it, if not you can do one thing, please take his signature on the promissory note, so that you can recover the amount. Now what you can do is sent him a legal notice U/sec. 138 of N.I.Act within 30 days from the date of cheque bounce, then you can able to file criminal complaint against him.
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Adv. Geeta Tirandasu
Hyderabad | 100+ Answers
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You can send legal notice immediately to your friend and file a complaint against him under section 138 of Negotiable instruments Act for cheque bounce and also claim rest of amount through recovery of money suit.
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Adv. Rekha Kumari
Hyderabad | 100+ Answers
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send him legal notice
then file 138 NI act case
and file another case IPC 420 and 406 against him
138 cheque bounce case
420 cheating
406 breach of trust
If you file all the above he will automatically comes for settlement
then file 138 NI act case
and file another case IPC 420 and 406 against him
138 cheque bounce case
420 cheating
406 breach of trust
If you file all the above he will automatically comes for settlement
Helpful?
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Adv. Ranjith Kumar T
Hyderabad | 25+ Answers
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