Legal Question in Consumer Law in India
I have given loan to one firm for 12 month at the interest rate of 18% but even after two years, I have not received any amount. I have the cheques as well with me which can't be diluted as the account doesn't have required money to clear the cheque. Hence let me know how can I file the fraud case and cheque bounce case against the person. I have all the legal document in place.
Asked on 2/24/14, 11:01 pm
2 Answers from Attorneys
Fca Prashant Chavan
Expert Edge LLP
26.02.2014
Dear Sir / Madam,
In keeping with the terms and conditions of the Loan Agreement, you should actually deposit each cheque on the due date mentioned thereon and if returned back unpaid, file a case for recovery under Section 138 of the Negotiable Instruments Act.
Regards,
Answered on 2/25/14, 2:31 am
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