Dispute regarding cheque bounce and company


I am an engineer and basically doing research on fuels. A year back I came in contact with two people X &Y from Sonipat who offered to fund my research for the purpose of setting up an industry. Intially they promised Rs.10 lacs .They transferred Rs.5.5 Lacs from their personal account to my wife’s and brother account.

We also formed a company with me and Mr.X being the director with 40 and 60% shares respectively. Two months back they started asking me for the money and threatened me. I had also sent the machines to their factory. I have filed a case against them.However I had forgotten that they also had one of the blank cheques of the company signed by me with them. The bank account is operated jointly by me and Mr.X. Mr. X misused the cheque by making it bounce by showing a payment of Rs.21.5 lacs against one of his friends.

He also made himself one of the accused. Now a legal notice under Sec 138 of NI act has been served upon me and it has been alleged that a friendly loan had been given to us by the complainant while no transactions of this magnitude has been done. What am I supposed to do now?

Answers (1)


218 votes
The case pertains to provision of section 415/406/120B of IPC, lodge case against them under the above mentioned section, you can also reply to that Legal Notice that no such loan was taken by your company and claim of amount can not be entertained.


Googling your legal issue online?

The internet is not a lawyer and neither are you.
Talk to a real lawyer about your legal issue.

Popular Cheque Bounce Lawyers


Advocate Sunil Kumar Bakshi
Sector-16, Faridabad
34 years Experience
Advocate J. P. Rinwa
Swej Farm, Sodala, Jaipur
20 years Experience
Advocate Rajeev Nigam
Kanpur Nagar, Kanpur
27 years Experience
Advocate Bala Janaki
330 Thambuchetty Street, Chennai
36 years Experience

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 Cheque Bounce Lawyers at LawRato.com to address the specific facts and details. You may post your specific query based on your facts and details to get a response from one of the Lawyers at LawRato.com or contact a Lawyer of your choice to address your query in detail.

Related Questions


"LawRato.com has handpicked some of the best Legal Experts in the country to help you get practical Legal Advice & help."



Related Articles