Finance company file case for cheque bounce but already closed loan
03-Jun-2023 (In Cheque Bounce Law)
Sir, my company had a business loan from magma fi Corp. We were struggling financially and few emi got bounced. Magma presented security cheques in March 2018. We closed the loan in April 2018 however in May 2018 Magma has filed a suit in high court under 138NI. PLZ advice how can the case be closed
First of all please check that whether the loan account has been closed or not and if yes then whether lender has issued NOC in respect of the same. If you have received the same then you can contest the case and the case will be closed when the fact will be revealed in the court
Dear querist,
Make the payment right away or come to us if you don’t want to pay right now, we will stall the matter and if they have made any mistakes in filing I.e technical mistake or factual mistake we might be able to quash the matter but for each of the above things you need to show up with file to us as our chamber is just opposite to high court Calcutta, contact us through lawrato
Regards
Make the payment right away or come to us if you don’t want to pay right now, we will stall the matter and if they have made any mistakes in filing I.e technical mistake or factual mistake we might be able to quash the matter but for each of the above things you need to show up with file to us as our chamber is just opposite to high court Calcutta, contact us through lawrato
Regards
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