Legal Question in Banking Law in India

Cheque Bounce

my brother is a businessman for about 15 years and the business was run for about 45 years in the same place, prob is he has some prob in his business and the chq which he has given to the party was bounce servaral times, so the person came to the factory and took away all the materials lyring there and his bike the amoount to be given was only 1lakhs and he tourched by brother asking him to write in a white paper saying that if he is not returning the money within 10 days he is liable to take all the machineries from the company, and my brother has given the statement in a white paper with the company seal in it. Now he is in a critical position , what should he do, he will be able to settle the amount only after three months but the party is not allowing him to open the company to work, if he works only he will be able to settle the amount, the party is waiting for him to open and company to take away the machineries, i am helpless and he is very much depressed, please advice in this matter as the matter is very urgent and this one lakhs amount is not for one person alone but to 65000 to one person and 19000 to another person and the rest to another person, please advice in this matter, MOST URGENT pLEASE ADVICE SOON AS POSSIBLE


Asked on 11/09/05, 4:13 am

2 Answers from Attorneys
Vivek Anand M/S.VIVEK ASSOCIATES

Re: Cheque Bounce

In a cheque bounce matter, the party agggreived has a course of action open to him which he has to follow as a due process of law, and he cannot block access to you to do your legitimate activities. You can file a police complaint against him or else obtain an Injunction order restraining him from interfering with your daily activities.

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Answered on 11/09/05, 6:26 am
BANKIMCHANDRA SHAH ADVOCATE DIGVIJAYA CONSULTANCY SERVICES

Re: Cheque Bounce

IT IS SURPRISING TO NOTE THAT YOU HAVE NOT YET FILED ANY POLICE COMPLAINT. PLEASE FILE A POLICE COMPLAINT AND NARRATE THE FACTS TO THE POLICE WITHOUT FURTHER DELAY.

PLEASE FEEL FREE TO CONTACT IMMEDIATELY IF NECESSARY FOR ANY HELP OR CONTACT ON 09426101233 TO ADVOCATE BANKIMCHANDRA SHAH.

WITH REGARDS,

BANKIMCHANDRA SHAH

ADVOCATE GUJARAT HIGH COURT,

SURAT.

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Answered on 11/09/05, 7:33 am


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