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Cheque Bounce case - in Surat, 2 directors


07-Oct-2023 (In Cheque Bounce Law)
I was one of the 2 directors of a company, there were 2 cheque bounce cases which we got into settlement and since at the time of settlement, the company was inactive and both of us (directors)were separated, we decided to make the settlement amount equal division and pay the same individually and separately on monthly installment, which was agreed by the party though this separate individual payment was not mentioned in the settlement letter which was submitted to court. Now, I have paid my part of dues promptly and other director has defaulted on his payments. Now, client has approached court and got warrants issued against both of us. Though I have paid fully amount of my part, still I have been made to face the consequences, is there any way out for me.
Answers (1)

Answer #1
799 votes
Hello, you do have a clear remedy even if you have not recorded the settlement terms filed in the court. This remedy can be used if you have made payment through bank transaction or if there is a proper record of your share of payment. If you are based in Surat, You could look up for my contact details for additional legal help. I could provide you with necessary legal assistance
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