My friend file a case against me under section 138
31-Mar-2023 (In Cheque Bounce Law)
Dear sir my friend gave me some friendly loan for my buissness purpose for six month and taking my 2 chq against the security but the given i m not able to pay him all amount i'll pay some amount now he will file a case against me and i want some more time to return his money back now what should i do plz suggest me.
Query perused. Since you have taken a friendly loan and admittedly it has to be paid within 6 months, which you have failed to repay. He can present your cheques and in case it got dishonoured, he will initiate 138 NI Act, proceedings against you. Since you need time to make the payment your lawyer can apprise the same to the Hon'ble Court and seek time. For further consultancy and legal services you may contact us.
if he file the suit that you have no defence except and settle the matter before the court as earliest as possible aur court will give me a sufficient time via mediation for Lok Adalat to settle the dispute but otherwise deal with the matter
In case you are ready to pay and want to settle the case you need not to worry. The court will also assist you in settling the matter . You just need to inform the court that you are ready for settlement. As you need time to pay the amount for this inform the court that you need time and pay on the specific date fixed also if you wish you can pay in installment
Hi,
Has he sent you a legal notice? He has a limited period within which he has to seek a legal remedy against cheque bounce. So if you can talk to him to seek time it’s better.
If he has initiated a case then you have to defend yourself. Do let me know if you need legal consultations.
Has he sent you a legal notice? He has a limited period within which he has to seek a legal remedy against cheque bounce. So if you can talk to him to seek time it’s better.
If he has initiated a case then you have to defend yourself. Do let me know if you need legal consultations.
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.
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