Legal Question in Criminal Law in India
I sold shares of a pvt ltd company to a person and received PDCs. After12 months after taking over the company, the buyer raised disputes on valuation and asked for revaluation. Fearing his influence, some shareholders agreed to reduce sale price. I didn't agree for reduction and presented cheques which got bounced. I filed case against him under NI act. He filed a cheating case in retaliation and managed to get a chargesheet against me.
As I haven't received any property from him and presented only the chques signed by him. I haven't even received money equel to the revised value offered by him. He still runs the company whose shares I sold to him.
Is 420 case against me maintainable?
3 Answers from Attorneys
unless a lawyer goes through the FIR and charge sheet, it is not safe to advise in a criminal matter of this serious nature.
your case papers will have to be peruse so approach a local lawyer.
May be.
Check allegations made, evidence available and act accordingly.
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