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Took a loan from a neighbor and gave him post dated cheque
27-Oct-2024 (In Cheque Bounce Law)
I had taken a loan from a neighborhood guy of Rs. 3 lakhs for the need of home renovation purpose and had sign on the agreement court paper and gave him the post dated cheque but now that date is due in two days but I am unable to arrange money because of my mother's hospitalization for back to back two months, now my savings is nill, I asked him for an extension he first agreed but suddenly refusing today and threatening me to file FIR and criminal suit against me.
I'm so panicked, help me.
he can't file FIR directly for this reason. he has to drop the cheque first at bank and after bounce of that cheque he have to send you a demand notice for payment of that amount. you have to reply through your attorney and pray for time.
I suggest you if he files a complaint case u/s-138 of NI Act, it will troubles him only bkz without licence from competent authority no one can offer loan to anyone.
Helpful?
Adv. Bilash Makal
Kolkata | 25+ Answers
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