Legal Question in Business Law in India

we have issued a cheque Rs.237500/- to one person who was an employee of our company(public ltd) and the amount he has given as a loan to the company.other side,the company will get an amount from him Rs.326000/-which was taken by him for expenditure of the company.But he has submitted the expenses bill for Rs.121000/- and the rest bills,he has not submitted yet.he was charged for anti company activities,defulcation of company money etc. and he was suspended for that .we have noticed him and noticed to police station and to the higher authorities.he went to the consumer forum to get his fund and as according their talkings,we have given the cheque to him. But now we want to stop payment of the said cheque legally. what should we do next?

Asked on 5/10/12, 5:15 am

ranganathan raghavachari R.Ranganathan & Associates

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Your query is confusing. Kindly write in short sentences about what happened instead of putting and and.

Answered on 5/10/12, 10:12 am

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