Legal Question in Constitutional Law in India
Guarantee Cheque
One of my friend had joined--name removed--private company 5 years ago and he was asked by the company to give--name removed--Cheque for 3,00,000 in the name of that company without any date and he had given the Cheque to the compay. After that there was no discussion with anybody about the cheque. Please inform if the company can misuse the cheque and in that case how my friend can save himself ?
2 Answers from Attorneys
Re: Guarantee Cheque
dear sir,
your apprehension is correct.company can misuse your cheque.you are advised to write a letter giving circumstances under which cheque was handed over to company and demand back your cheque.
In case of any other query you can cal me on 9873343288(delhi).
thanks.
siddharth srivastava
Re: Guarantee Cheque
Dear Friend,
Please ask your friend to stop the payment of Cheque from the issuing Bank.
Ask him to cause a notice to the Company to which he has given blank cheque. if they donot respond to his notice ask him to file a complaint before the concerned authority.
Consult your local Advocate for further guidance.
regards
Panduranga Acharya
9886742609
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