Legal Question in Banking Law in India
act 138
dear sir
i am suffering by act 138. i give two cheque as gurantee. and i give money in installment's . but now he claimed for that chque payment. now what i have to do
5 Answers from Attorneys
Re: act 138
In this case you can file a complain with the police keeping in consideration that this is duress with you. Please make sure you have got enough evidences that you have given the money in installments.
If required you may contact me personally OR Consult a local lawyer.
Re: act 138
Before tendering any blank cheques you should have taken written agreement . if you have not executed any agreement , the person holding the cheque is bound to misuse the same . If you have not executed any agreement please file criminal case as early as possible
Re: act 138
Please provide all the details.
Re: act 138
Send him the notice demanding back your cheques and if necessity arise approach the court.
Re: act 138
you have to make payment of the cheque amount. but as guarantor you can claim back from the person for whom u stood gurantee.
however a technical flaw can save u too.
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