Blackmailing for cheque bounce case
01-Feb-2023 (In Cheque Bounce Law)
Hi, My brother have taken cash loan of Rs. 15 Lacs from his in-laws for business set-up and as a security he has given stamp paper and blank cheques of my mother. My mother have signed the documents on blind faith. However this loan was given in cash and there was no bank credit entries in any bank statement. Now that my brother is unable to repay this loan his in-laws are blackmailing my mother for cheque bounce case. Please guide the legal consequences for such case.
Under Section 138 of the Act, the offence of cheque bounce is a criminal offence for which the payee can initiate a criminal suit. The payee must file the complaint against cheque bounce before the Magistrate within 30 days of the expiry of 15 days of the issuance of the cheque bounce notice
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