LawRato

Clarification regarding settlement in cheque bounce case


12-Jul-2023 (In Cheque Bounce Law)
Sir i took 7lac on intrest from a friend and paid him monthly 18000 for 3yrs but now we are unable to pay intrest and pri ncipal due to we are fully lost in businezz he have claimed on us cheque bounce case and we recieve summons but we are readdy to pay the amount in instalment of 15000 per month wil the court agree with us and help us to do this settlement
Answers (4)

Answer #1
526 votes
Dear Customer

You can go for amicable settlement with detail discussion and further course of action by giving remaining cheque for all remaining installments and you will have to give separate affidavit on non judicial stamp paper duly certified by notary and that affidavit should contain unconditional promise to honor all cheque without any excuses and condition.

Advocate Ashwin K Shah
Answer #2
991 votes
if you have received the summons from the court about the same u need to attend the court first and u need to understand how much amount cheque return has been claimed. also need to convince the court based on the pending amount as per your proposal it counts ts rs. 1,80,000.00 per year which i don't think the court will agree as they wont have mentioned that you have paid them rs. 6,48,000.00 as per monthly instalment of rs. 18,000.00 for three years.
Answer #3
977 votes
Which court to running this case also u can said me how many amout to do loan also which bank or party to given u loan i can help u but mewt me ya call me my number i gievn u time to gievn paid up amount of loan
Answer #4
786 votes
Hi, you can approached the Court as you have paid more than 70% of the principal amount and on the basis of natural justice settlement purshis shall be filed before the court and request that you are ready to pay the amount but in installments and that may be allowed.

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 Divorce Lawyers at lawrato.com to address the specific facts and details.

Report abuse?

Comments by Users

No Comments! Be the first one to comment.

"lawrato.com has handpicked some of the best Legal Experts in the country to help you get practical Legal Advice & help."