How to recover money from a coaching institute
17-Jun-2023 (In Recovery Law)
in the month of july 2017 my brother took admission in a coaching institute.at the time of addmission we payed rs170000/ to that coaching institute and they have signed a legal bond that if my brother will not get a government job in next three years(means up to july 2017),they will return all the money to us.now they have not returned the money till now.on 30 may 2018 they gave a check of rs 170000 to us but there is no sufficient balance in their account.now what we can do please suggest .
Dont worry , it is a fraud which they had committed by giving you a cheque when there is insufficient balance . In such a case a person doing such an activity may be imprisoned for 2 years and had to pay double the amount to you.
Immediate consult to an Adv and file a crimal case and consumer case for recovery of money otherwise u lost everything without get proper remedy this is the solution for your take immediately for processing
Immediately proceed u/s 138 of NI ACT. You must act asap Although t he contract you entered was illegal as there can be no surety for the same but you are bound to get your money back.
Further since other side as already given the cheque file 138.
Thanks
Further since other side as already given the cheque file 138.
Thanks
You don't need to worry. You can send them a legal notice asking for your money with interest. Also you can file a case against them in court under negotiable instrument act for cheque bounce. Either way they will be held liable to pay back all your money as they promised you to do.
You can file a complaint under 138 of Ni act for cheque bounce but for that you first need to give a notice within 30 days from the date of bounce of cheque. Or in the alternate you can file a suit for recovery.
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