Legal Question in Banking Law in India

My friend and having family relations taken 4 blank cheques for 60000/- @ rate of 10% per month from me . he black mailed me for that about 7 years , Now he has bounced one of my Cheque amounting to Rs 1,13,000 , The amount and date has been filled by him , Now he has gone to court against me u/s 138 NI , He is falsly asking the court that I have taken loan due to my illness of mother a year before. No legal notice was served to me , There was no transaction between him and me .There was no reciept for taking amount . No affidavit is given to him for this regard . He is an advocate , not a financer .He is now threatening me that I will bounced other cheques in the different courts , tell me but action i have to do against him


Asked on 7/07/10, 3:34 am

1 Answer from Attorneys
J. Radhakrishnan independent Practice

Defend the Sec.138 N.I.Act prosecution through a competent lawyer. Issue notice to the person who has taken the blank cheques to return the same as being not supported by consideration. Intimate the Bank with cheque Nos. not to honour the same as they are forged. Take the assistance of a good local lawyer.

Read more
Answered on 7/07/10, 7:01 pm


Related Questions & Answers

More Banking Law questions and answers in India