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.
2 Answers from Attorneys
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.
You may file a suit for recovery under section 138 NI ACT.
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