Legal Question in Credit and Debt Law in India

sir my name is sekhar actually i was wrkd in one bpo company ....due to some problms it was shutdown ....after that i gave money to my m.d from my brother...he s tellng that i will gve u job and ur brother for next company ...so we wwas gave 80000 and my md gave me a cheque ..it was happend in march now we want money but he s sayng that i dnt have the mny what we do now we are s.c people... please reply me sir ...we are from andhra pradesh and this was happend in bangalore


Asked on 10/29/13, 9:47 am

1 Answer from Attorneys
Fca Prashant Chavan Expert Edge LLP

30.10.2013

Dear Sekhar,

You should deposit the cheque given by the MD, and if it bounces, you should lodge a "cheque Bouncing" case under Section 138 of the Negotiable Instruments Act against the MD, for recovery of your money.

Regards,

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Answered on 10/30/13, 2:43 am


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