Legal Question in Banking Law in India

Hi Sir,

i started a business with friend in 2014-15 and left the business with loss and friend owned me 75000 for which i gave him a check. Till now , i have paid him 40000 thousand and still ready to pay him per month but now he is threatening me by lawsuit and case. I have below questions:-

1:- I have stopped the check so What will the consequences if he submit it in bank for cash and bank would send it back with reason. Can he file a lawsuit? Check date was Fab 2015 when i signed it.

2:- Can i start check now by any how?

3:- can i use whats app chat screenshot and call recording to prove that i have paid him and still ready to pay with monthly installment but i have stopped the check with mental pressure?

Pls help me with a bit details as i dont have any knowledge of law so please make answer a bit lengthy.

Thank you


Asked on 5/25/16, 11:42 am

2 Answers from Attorneys
Fca Prashant Chavan Expert Edge LLP

26.05.2016

Dear Sir / Madam,

Yes. You can stop payment and sort out a settlement with your friend once and for all and close the chapter.

Regards,

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Answered on 5/25/16, 11:52 am

1) If u had written date on the chuque, it is now stale cannot be presented.

2) not clear.

3) Show proof of payment not conversation on whatsapp etc.

4) He can file civil suit to recover his dues.

5) Discuss with him and go for settlement.

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Answered on 5/25/16, 8:59 pm


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