Legal Question in Credit and Debt Law in India

I borrowed 15000 Rs from my friend. After some time he told me that he is in need please return 15000 Rs. At that time I gave him a cheque . But cheque bounced in the bank due to insufficient fund. After it I gave him 15000 Rs. In cash but didn�t collected the bounced cheque in good faith. Due so some misunderstanding friendship is broken and he issued me a notice through advocate and calming 50,000 Rs. In that notice he mentioned that I have given a cheque of 15000 Rs as a part payment is bounced. What should I do? Please suggest.


Asked on 9/17/13, 11:00 am

1 Answer from Attorneys
Fca Prashant Chavan Expert Edge LLP

18.09.2013

Dear Sir / Madam,

You should lodge a Police complaint and get the issue resolved with the assistance of the Police. Your friend will have to confess before the Police whether he / she has received the cash, and as soon as he / she confesses, you should ask him / her to return back your bounced cheque in the presence of the Police Sub-Inspector itself. Lastly, you should collect a copy of the Police FIR too for your record. Please re-post query if there is no Police action within 3 days of lodging the FIR.

Regards,

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Answered on 9/17/13, 7:42 pm


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