Legal Question in Criminal Law in Illinois

misuse of security cheques by Indiabulls to extract extra money.

I had taken personal loan from Indiabulls of Rs.25,601/- on 25/5/2007 and repaid Rs.22600/- but just default in one of my EMI of Rs.1800/- ,Indiabulls misused my blank security cheque by filling false amount of Rs.28,249/- and they also misused my blank signed loan agreement by filling false figures of 30 installments instead of 24 (Usurious rate of interest more than 60 % p/a.), denied the receipt of some amount debited from my bank. Even though I tried to settle the dispute by offering reasonable amount pending principal amount and interest amount but to extract extra money from me Indiabulls has filled bogus cheque bounce case against me in Patiala House Court, New Delhi. As it is tough to defend the false cheque bounce case traveling from Mumbai to Delhi, Indiabulls forcing me to pay Rs.33208/- plus uncharged interest.Please suggest me how I settle the dispute.


Asked on 3/12/09, 4:38 am

5 Answers from Attorneys
Homi Maratha N.N. Maratha & Co.-Advocates

Re: misuse of security cheques by Indiabulls to extract extra money.

Already replied.

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Answered on 3/13/09, 2:47 am
Shrichand Nahar S.V.Nahar, Advocate

Re: misuse of security cheques by Indiabulls to extract extra money.

Explore possibility of relief from Bombay High Court under its Constitutional Jurisdiction.

Explore initiating proceedings before your local court.

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Answered on 3/12/09, 7:09 am
Aniruddha Pawse Aniruddha.P.Pawse Advocates

Re: misuse of security cheques by Indiabulls to extract extra money.

you can try to compromise.

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Answered on 3/12/09, 7:58 am
Sudershan Goel India Law Offices of Sudershan Goel - Advocate

Re: misuse of security cheques by Indiabulls to extract extra money.

You may consider the possibility of initiating criminal proceedings of cheating against the payee in Bombay.

You may try to lodge a police compliant; or a criminal compliant in the local trial court.

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Answered on 3/12/09, 10:11 am
Pranav Desai PD Legal & Associates

Re: misuse of security cheques by Indiabulls to extract extra money.

Apply for transfer of case to Mumbai. You can also consider filing a criminal case against the officials of Indiabulls for cheating and other offences.

However, I believe that atleast you may have to appear once before the Delhi court. Further, you may also consider obtaining permanent exemption from the Delhi Court.

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Answered on 3/12/09, 2:29 pm


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