Complaint for cheque bounce in lieu of loan given to a friend.
23-Mar-2023 (In Cheque Bounce Law)
I gave a loan to my colleague for 1,85,000. EMI of 12,000 per month was decided. He is not paying any emi since last 3 months. To be safe I took blank signed cheque at the time of giving loan. How can I use that? Also I have a agreement about the same on 100 rs legal paper. No notary. Can I do any case on this person? All transactions were online and I have calls and chats to prove it as well.
See Cheque is an negotiable instrument firstly .
Your cause of action may arise when you put that Cheque for the recovery of your dues and for the reason of insufficient funds the Cheque gets bounced.
Your cause of action may arise when you put that Cheque for the recovery of your dues and for the reason of insufficient funds the Cheque gets bounced.
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