cheque bounce case
cheque bounce case
sir my friend gives money as a loan in 2016 .15lakhs through bank transfer i issued blank promicery note and blank signed cheque.after he recover money but the not returned my promicery note and cheq
1 week ago
A. Dear Client,
A promissory note is a legally binding promise to repay a debt. Promissory note laws vary by state, but they typically include the loan amount, loan terms and signatures from both the lending and borrowing party. When this document is signed by the borrower, it becomes a legally binding contract and the lenders can claim a refund of the loan by filing a suit under the Negotiable Instrument Act, 1938. All Promissory Notes are valid only for a period of 3 years starting from the date ...ReadMore
Cheque bounce case
sir i taking loan to my friend in 2016 he transfer money through bank account i give blank pronote and cheque.he recover money they didn't retun my note and cheque .he files case on me he fills pro no
1 week ago
A. Dear Client,
A promissory note is a legally binding promise to repay a debt. Promissory note laws vary by state, but they typically include the loan amount, loan terms and signatures from both the lending and borrowing party. When this document is signed by the borrower, it becomes a legally binding contract and the lenders can claim a refund of the loan by filing a suit under the Negotiable Instrument Act, 1938. All Promissory Notes are valid only for a period of 3 years starting from the date ...ReadMore
Effect of section 25 payment and settlement act on government job
Hello respected sir /madam , I have been selected in bank as a government employee and my joining us within 2-3 weeks but I have one pending case of section 125 for pending emi . My police verificatio
3 weeks ago
A. Dear Client,
Section 25 of the Payment and Settlement Systems Act, 2007 stipulates that when an electronic transfer of funds fails due to insufficient funds or exceeding the payer's credit limit, the payer may face imprisonment for up to 2 years, a fine twice the amount of the transfer, or both. Dishonoring an electronic funds transfer is deemed a punishable offense under this section.
Moreover, the principle that suppression of material facts by a litigant disqualifies them from obtaining re ...ReadMore
Our pending payment is 44 lacs against
Our pending payment is 44.6 lacs against which we filed case of 138 .DCP issuied arrest warrants against our criminal FIR on 1/3/24.The party want to make 5 lacs payment by Draftas part payment agains
1 month ago
A. Dear Client,
You have the option to enter into a settlement before the Criminal Court, including an agreement outlining the terms of repayment. This settlement could grant you the liberty to pursue criminal proceedings if the remaining amount is not paid as per the agreed-upon schedule. This approach allows for a negotiated resolution while preserving the option to escalate the matter legally if the terms of the settlement are not met.
Negotiable instrument act
Case dismissed holding court has no jurisdiction Can another complaint be filed in court having jurisdict now
2 months ago
A. Dear Client,
The latest ruling on territorial jurisdiction for cheque bounce matters under Section 138 of the Negotiable Instruments Act (NI Act) comes from the Supreme Court case of M/s T.P. Murugan (Dead) through Lrs. Vs. Bojan (2018) 8 SCC 469. The apex court, in its landmark judgment, emphasized that the place where the cheque is dishonored is the determining factor for establishing territorial jurisdiction. This ruling aligns with the legislative intent of Section 138 of the NI Act, which s ...ReadMore
For filing case as per 138 ni act
Court fee for filing a case under 138 of NI Act for recovery of Rs 280000
2 months ago
A. Dear Client,
The Court fees are levied for filing a complaint under Sec.138 of N I Act based on state-specific Court fees Act and rules. In Maharashtra Court fees of 2% of the cheque amount is levied for filing a case under Sec. 138 of the N I Act. For specific information, you need to consult with a local Advocate for guidance and steps
Police call for non payment of loan
Hello, I got a call from someone who said he is police and told that I have a case on me and gave me a phone number and said that he is lawyer and to ask him to hold the case. I called the number he s
2 months ago
A. Dear Sir,
If there is a cheque bounce case then only Police can call you. In Civil matters particularly in Money recovery matters Police cannot fix you. It is in civil nature unless they treat it as cheating case. If no FIR is registered you are not suppose to visit the Police Station.
Cheque bounce and DRT
I received a cheque bounce notice with an incorrect mention of my father's name. The bank filed a 138 NI Act complaint based on the same inaccurate information. A bailable warrant has been issued unde
3 months ago
A. Dear Client,
A criminal proceeding under Sec.138 of N I Act initiated by the Bank is not maintainable when recovery of debt proceeding is pending before the DRT. So. to quash the criminal proceedings you have to approach the High Court.
Loan recovery cheque bounce
Hello Sir/Madam, I gave some amount like 40 lakhs to my friend on 2016 via Bank RTGS. And he promised to return me the money with 15% interest. Also he gave me a cheque for 25 lakhs without mentioning
3 months ago
A. Dear Client,
When an individual issues an undated cheque as security against a loan, and there's no formal agreement in place, the recipient or lender holding the cheque has the freedom to present it for encashment on any date by affixing a date. If the cheque is dishonored, the holder can initiate legal action against the drawer under Section 138 of the Negotiable Instruments Act, 1938, within three months from the presentation date. A recent Supreme Court ruling in the case of Sripati Singh v. ...ReadMore
Legal notice
How to find lawyers from Bangalore online to give a legal notice ?
3 months ago
A. Dear Sir,
Depending upon the subject matter you have to select the advocate. Better select any good advocate by approaching the administrators of this website.
