India | Investment Law
Legal Question
I HAD INVESTED MONEY IN SHARES WITH ONE PARTY AND HE USE TO PAY MONTHLY RETURNS EVERY MONTH ON THE MONEY I INVESTED..HE ISSUED ME CHEQUE AGAINST THE TOTAL CAPITAL AND PROFIT AND GAVE ME CHEQUE BUT IT GOT BOUNCED WHEN I DEPOSITED THE SAME..I ISSUED HIM NOTICE UNDER 138..BUT NOW HE IS CLAMING THAT HE HAS PAID ME MAJOR AMOUNT ACTUALLY HE HAD PAID ME AS A PROFIT FOR WHICH I HAVE INVESTED WITH HIM..THUS WHO CAN I TACKLE THE PARTY AS HE HAS DONE FRAUD AND DONE WITH MANY PEOPLE..PLEASE REPLY ME ON dial_fun@yahoo.com and GUIDE ME ACCORDINGLY
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Legal Answer
you need to be in possession of a document that states you have been promised a certain percentage of profit for your investment. in case you do not have that documents or a contract, your case is weak. still you can file a complaint.
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(Cell: +91 9811284735) lawnrajiv@gmail.com Kar Vai Legal Solutions, Founder, 359, Western Wing, Tis Hazari Courts Delhi, India., 110054
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You may pursue your 138 remedy.
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Attorney-at-Law (India)/ Visiting Scholar, UNC-CH USA Punjab and Haryana High Court Chandigarh, 110001
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In addition to cheque dishonour case, you may also file for cheating.
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www.lawconcern.com 7A Queens Court 130 Montieth Road Egmore Chennai Chennai,india, NUS 600008
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