Legal Question in Banking Law in Pakistan

i have given a cheque to a party amounting 145000 PkRs for sucurity of payment and i have send some money in installment and i have no resourse to payment because of business loss and now he dishonour the cheque and doing FIR against me then what i have to do for this because i have nothing to pay and i m paying with installments


Asked on 10/30/11, 2:55 am

2 Answers from Attorneys

dont worry, keep the record of installments,

Take plea that it was a security cheque, and it was decided that payment ll be paid in installments.

Try to get in time Pre arrest Bail. Hope fully it ll be confirmed. but don't stop payment.

for more info plz contact at [email protected]

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Answered on 10/30/11, 4:30 am

you have not mentioned that an fir already lodged or in process, if no FIR as yet then you can move the civil court to stop an criminal charges activity as a civil maintainable transaction was underway all this time. to discuss this further you can call during 4pm to 7 pm working days .

0323-4638149.

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Answered on 10/30/11, 4:36 am


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