Legal Question in Credit and Debt Law in India
NI act 138
i made an legal agreemnt with some firm for sale of my own computer coded program for buiseness purpose against quantity based royalty. after one and half year, that party tried to get the technology copied, and delayed my payments, stating abt fund crisis. the matter worsen when i forced for the payment and stopped the delivery of computer program for on-going buiseness, the firm created a fake case of theft from the firm, went to police, called some local press reporter, and forced me to settle the matter. then a compromise was settled in writing in police post , with two cheques from me of 75k and 125k each for surity sothat all the ongoing buiseness is cleared. but the party tried to cash them, and i had to stop them. The party served a notice through advocate asking for the money against cheque stating that the same was lended to me for buiseness purpose as friendly loan, i replied as actual through advocate, now they had moved to court stating the same friendly loan. can 138 be misused in such a manner by someone??please advice
2 Answers from Attorneys
Re: NI act 138
i have replied to your question previously. in case of need please contact me personally.
professional charges are applicable
Re: NI act 138
you have the option to prove your case of compromise etc.
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