Legal Question in Banking Law in India

My sister had borrowed money from a relative of her in Bangalore based on cheque and agreement on stamp paper. The cheque was bounced and the case is going on in the court for the past one year. In the meantime, this same person who gave money to my sister asked me to come to his place and wanted 8 signed blank cheque and 8 blank stamp paper from me. I had signed as Witness for my sister's agreement. He took these blank cheques and stamp papers saying that he will not deposit. But I had given stop payment to my bank for the 8 cheque leaves. Now he is telling me that he has deposited my cheques by writing different different names and amounts on these cheques. He says he will file case against me too for bouncing cheques. What shall I do?


Asked on 5/05/13, 12:32 am

2 Answers from Attorneys
uttam Tibrewal

dear client... now you do not have to do anything rather make arrangement for payment or face the legal consequenses... as such how can you be so stipud to sighn blank cheque as well as stamp papers being educated you do not know the value for doing such stupid thing.........its better you need to pay him or face troubles so that at least you can get some leasson for doing such thing... right.... if you have any query mail me at [email protected]

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Answered on 5/05/13, 5:28 am
Fca Prashant Chavan Expert Edge LLP

05.05.2013

Dear Sir / Madam,

Keep all the cheques and stamp papers aside. Repay whatever monies your sister has borrowed with an acknowledged money receipt in full and final settlement and close the matter.

Regards,

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Answered on 5/05/13, 9:08 am


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