50000 INR lended to a person and money not yet returned
50000 INR lended to a person and money not yet returned
Hi, I have lent 50,000 INR to a person in return he gave me 2 cheques along with signed stamp paper with his real signature where the need for money borrowed by him is mentioned and as proof that he
8 months ago
A. Dear client,
A lender can file a civil suit for recovering the money owed through promissory note or loan agreement. He can do so under Order 37 of CPC which allows the lender to file a summary suit. You can also lodge a complaint under the Negotiable Instrument (NI) Act as well. The Act can only be used to file a suit against parties who have not returned money lent through instruments such as cheques, exchange bills, etc.
You also have the option of choosing an out-of-court settlement through ...ReadMore
Cheque Bounce -Civil & Criminal Case
Hi, I gave 10L to a person in Nov'22 for 7 days. Upon non return he gave me a cheque in Jan'23 (without date) and we didnt gave to bank because of personal relationship. Last two months he has stopped
8 months ago
A. Dear client,
Once the cheque has been returned by the bank, then before filing a legal complaint against the drawer, you must, with the help of acheque bounce lawyer,first, send a demand letter/ legal notice to the such drawer within a period of 30 days from the date the cheque has been returned to you by the bank
Cheque bounce - lower court mein agar 138 ka case
Sir lower court mein agar 138 ka case chal raha hai to kya petitioner hight court mein approach kar sakta hai direct
8 months ago
A. Dear Client,
It is not clear from your query on what ground you want to appeal before the High Court when the trial of a case under N I Act is now pending before the lower Court. Under Articles 226 and 227 of the Constitution of India, any citizen can make an appeal before the High Court for the enforcement of fundamental rights and for other purposes. Article 226 empowers High Courts the ability to issue instructions, orders, and writs to any person or authority, including the government. Where ...ReadMore
Cheque bounce - maximum age limit for the person
Sir what is the maximum age limit for the person who can give surety to bail someone in cheque bounce case and how many surety are required 1 or 2
8 months ago
A. Dear client,
The surety might be someone who is an Indian citizen with a permanent address. Typically, the surety is a relative or a friend of the accused. There is no such age limit for surety for the purpose of granting bail. However, the Court has the discretion to grant or reject bail to the accused.
Court judgement ER
1. Why is it meant by the court judgement ER. This relates to a cheating case cheque bounce case pending in court since 5 years. The court case current stage says ER. 2. Also. If the judgment is passe
8 months ago
A. Dear client,
An NBW will stay in effect as long as it is not executed or periodically recalled; the magistrate must extend its validity in order for it to do so. Therefore, you must contact an attorney to request the issuance of an anticipatory bail against the Non-Bailable Warrant of Arrest from the relevant Court and to take additional actions for the recall of said NBW if one is issued in a case involving a cheque bounce.
Cheque bounce - complaint first in local police station
1st step on cheque bounce should I complaint first in local police station or can directly serve notice through advocate
8 months ago
A. Dear client,
In case of a bounced cheque, the first step you should consider is issuing a legal notice through your advocate to the person who gave you the cheque. This notice informs them about the dishonored cheque and demands the payment of the cheque amount within a specific period, usually 15 days.
Sending a legal notice demonstrates your intent to take legal action if the matter is not resolved amicably. It also gives the person an opportunity to rectify the situation and make the paymen ...ReadMore
A. Dear client,
Some of the measures you can take are:
Collecting all the important documents
Contact the bank and collect information regarding the dishonour of cheque
Hire a lawyer and reply to the legal notice of the bank
File a counter case
Negotiable Instrument
Sir, in a case where multiple complaints have been lodged against a person for dishonour of 4 cheques given to the same party in discharge of the same liability what would be the quantum of punishment
8 months ago
A. Dear Client,
According to Section 138 of the Negotiable Instruments Act of 1881 dishonor of a cheque is a criminal offence. A person accused of culpable offence under Section 138 of the Act can be made liable for a punishment that may extend up to 2 years of imprisonment or a fine that may extend up to twice the amount of the cheque in dispute, or both. Apart from this, banks also charge penalty for dishonour of cheque. The penalty varies from bank to bank. KARNATAKA HIGH COURT in case of S. K ...ReadMore
ECS BOUNCE IN ADAY 5-7 TIMES
i TAKEN A LOAN FROM NEWGROW (NBFC) COMPANY AND GIVEN CONSENT TO MANDATE FORM FROM MY SAVINGS ACCOUNT. IS IT LEGALY CORRECT THAT IN ADAY 5-7 TIMES CAN PLACE
8 months ago
A. Dear client,
A mandate is a permission given to a financial institution to deduct funds directly from your savings account to repay the loan or make other payments. If you have provided consent for such a mandate as part of the loan agreement, it is essential to carefully review the terms and conditions to understand the specific details regarding the number and frequency of these deductions.
Typically, the terms and conditions of a loan agreement should clearly specify the frequency and timin ...ReadMore
Cheque payment - blank cheques
We had given blank cheques to a co as gurantee in the course of trade as stockists of their products. The co was unable to fullfil the conditions of our agreement which resulted in our having stocks v
9 months ago
A. Dear Client,
When a business transaction is made through the execution of an agreement, until and unless the agreement is revoked or terminated in terms of the said agreement, the conditions of the said agreement remain enforceable. Further in the absence of specific conditions that empower you to terminate the contract for any deficiency in service that incurs financial loss or advice for stoppage of encashment of the Cheque to the Bank, your action may be treated as unfair trade practice. So y ...ReadMore
