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FIR with Section 420 filed against company and company partners


25-Apr-2023 (In Cheque Bounce Law)
My company has taken an advance from another company towards business purpose by keeping cheques as collateral to supply some goods. Now we were unable to supply the goods because the money is paid to our supplier and got stuck in China with our supplier as he did not deliver. Now, our buyer bounced our cheques and filed a case in local PS under section 420 after and we were informed about the same by the police people. How should we proceed further?
Answers (5)

Answer #1
682 votes
Query perused. I have few questions to ask for which I would be requiring a concall or a face to face meeting. Have you received any legal notice regarding the dishonour of the cheque? If yes whether any complaint has been filed in the court against you. Did u have the copy of the complaint filed before local police station. For further consultancy and legal services you may contact us.
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Advocate Anubhav Kathuria

Adv. Anubhav Kathuria

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Answer #2
606 votes
hellp subhash ji as ur saying that a case of 420 ipc has been filled aggaiant you becauae as you are saying tht your cheque .the due to problem in china ur supplier is not suplyinh ur goods due to which you arein trouble .same things yo get coorabrated with court.
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Advocate Vishwanath Pratap Singh

Adv. Vishwanath Pratap Singh

LawRatoDelhi | 1000+ Answers
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Answer #3
977 votes
Hi, have 138 Ni act proceedings be initiated against you or a criminal complaint has been filed against you. in such case, you should file a counter complaint for fraudently using your collateral cheques for bouncing. Feel free to contact, Madhav Nanda Advocate
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Advocate Madhav Nanda

Adv. Madhav Nanda

LawRatoDelhi | 100+ Answers
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Answer #4
518 votes
this is a case of civil nature and the police should not be able to take much action since your intention was of supplying goods and you did that and it wasnt to cheat the other party. that being said, there is some liability on you which depends on the facts and circumstances of each case
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Advocate Rohan Sharma

Adv. Rohan Sharma

LawRatoDelhi | 200+ Answers
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Answer #5
872 votes
Dear Client, Your company has foreign trade or business , and your company is unable to supply the goods as it has stuck in China hence your buyer has bounced your company cheques as you had been advanced to supply the goods , now in case of failure to supply the goods your buyer and filed as PS case u/s 420. now in that case your company directors should or the named person should take Anticipatory bail, first. Moreover, it would be better to go through the FIR filed copy then better legal suggestions shall be given. You may contact for the same legal purpose so that this issue may be shorted out from your reply on the same situations. Thanks
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Advocate Sanjay Kr. Jha

Adv. Sanjay Kr. Jha

LawRatoDelhi | 200+ Answers
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