Legal Question in Banking Law in India

I had issued a cheque of INR 1,8000 in March 2010 to a person as a security, i paid him INR 10,000 to INR 12,000 every month, i have the transfer slips, in Sep 2010he deposited the cheque and apoligised stating that it was a mistake, now as of today there is a balance of INR 13,000 to be paid , i had asked for the cheque and to take back the balance amount, he has not reverted back to my phone calls nor my e-mail, is there any possiblity that he can redeposit the cheque and claim for full amount or what are the bad happening i can except because of this cheque.

Asked on 6/13/11, 7:56 am

Shrichand Nahar S.V.Nahar, Advocate

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Foul plays are difficult to predict.

Have appropriate communications issued to person holding your cheque as also report the matter to bank and police.

Answered on 6/13/11, 10:54 pm

Aniruddha Pawse Aniruddha.P.Pawse Advocates

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you can inform your Bank .

Answered on 6/16/11, 4:58 am

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