Someone forcefully demanded cheque for which I am not bound to pay.

517 votes

I understand this is an incredibly stressful and frightening situation. You've found yourself in a complex mess that involves financial losses, coercion, and personal threats. Let's break this down systematically. You have a strong defense, but you need to act strategically and immediately to protect yourself and your family The Core of the Matter: Liability for Trading Losses First, let's address his demand for the entire capital back. In any investment or trading scenario, there is an inherent risk of loss. The fact that he provided you with OTPs on a daily basis is crucial. This act demonstrates his active consent and participation in the trading activity. He was aware that you were accessing his account and executing trades. The Immediate Danger: The Blank Cheques he can misuse of that cheque. Now, let's turn the tables. His actions of forcing you to give him blank cheques and harassing your family are not just aggressive; they are illegal. He is the one committing serious offenses under the Bharatiya Nyaya Sanhita, 2023 (BNS). like Extortion (Section 318, BNS) and Criminal Intimidation (Section 351, BNS) This situation requires firmness and swift legal action. The combination of a stop payment instruction, a strong legal notice, and a police complaint for extortion is your most effective strategy. It shifts the entire narrative and puts him on the defensive. Please consult a qualified lawyer immediately to execute these steps. Disclaimer: This information is for educational purposes only and does not constitute legal advice. The specific laws and procedures may vary depending on your location and jurisdiction. Contact to any Advocate Or us.

Advocate Joyson Pereira LawRato

841 votes

Well, usually when tradings are being done, they are risky and volatile in nature. Haven't you executed a Contract with that person for whom you traded by putting Risk Clause! Connect on call to seek Legal Services in detail

Advocate Pankaj Bajaj LawRato