682+ Lawyers are online 
Loan amount and the person how took not willing to pay
02-Oct-2023 (In Cheque Bounce Law)
A person took a loan of 4 lakhs rupees with 5% interest rate before 4 months on 25/05/18 now his is saying that he wont pay the principle amount and interest, i have his cheques and promiser note with his signature, pls sir or madam can say how to slove the problem to get money
Hello sir,
For this you need to bounce the cheque or you can also give recovery notice first only if you don't want to proceed with criminal case but if you bounce the cheque you have both options.
If you want proper clarification and plan how to proceed for that I need your full brief so that I can suggest you more
Thank you
Helpful?
13+
13+
Adv. Thakur Anoop Singh
Hyderabad | 25+ Answers
CONTACT NOW
Hi
1) You can present the cheques in the bank and file case under 138 Negotiable Instruments act.
Please note Negotiable instruments act is a criminal offence and the person has to pay the money along with fine , failing which he will go to jail.
2) In order to recover the money, you will need to file a money recovery suit in a civil court and ask for attachment of properties.
So technically you should file 2 cases.
Helpful?
24+
24+
Adv. Rajagopalan
Hyderabad | 25+ Answers
CONTACT NOW
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.
Connect with top Cheque Bounce lawyers for your specific legal issue
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."
