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Borrowed money with blank cheque as security now cheque bounced


16-Oct-2023 (In Cheque Bounce Law)
Hello sir/madam My brother borrow some money on blank cheque as a security basis. We pay the interred according to it but under some problems we unable to pay the interest from last 4 months and that person filing the case on cheque basis and sent us notice. Please tell us some solutions.
Answers (3)

Answer #1
532 votes
I will clarify you but before that send me copy of legal notice wch he has snt you.Any agreement written in between your brothr and mony lendr.what he taken plea in legal notice.in 138 ni act it is reqd to prove that legal enforceable debt and liability so pl send me copy of legal notice

Thanks
Answer #2
900 votes
if you are agreed to pay the due installments , have sitting with him and do all things in written form or you can made payments through court and may request for few addition time and dont forget to receive back that blank cheque given as security.
Answer #3
539 votes
Hi,
You can request that individual not to take any action and you are willing to repay the amount with interest in a specific time. If he didnot understand or donot want to corporate with you. File anticipatory bail and side by side file blackmailing case against him with a formal application that he intentionaly want to implicate false case against you with intention to harass you and want more money then was contracted.
Rgds

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