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Used client's money for personal use I issued cheque which got bounced
25-Mar-2023 (In Cheque Bounce Law)
I hv got money frm client to pay renewal premium of policy. Unfortuntly due to accident i cudnt do tht as sme portion of money has been used by me. Client made complaint to co & ask me to repay. I made partial payment & the balance amt chq depositd in cluents a/c, bt my fund got delayd n cheque has been bounced due insuficent fund. Now i want to know what to do in such scenario? If co says i did fraud or client files ca FIR thn wht furthr step i hv to tke. Cn u pl provide lawyer details sotht i cn personaly talk & explain him complete scene n get his legal support.
You are bound to pay back to your client. In case of the cheque bounce the first step that your client will take is to send you a legal notice. You are advised to hire a competent lawyer and reply to the legal notice. If you fail to do so a case under section 138 of Negotiable Instrument Act can be filed against you which is a criminal proceeding.
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