Cheque bounce

5 years ago

Dear Sir,
My relative took tractor loan and given blank cheques. Due to non payment after 3 months it was recovered by finance agency. They sold it on auction. After deducting the amount received from auction, my relative is still due for Rs. 1,36,000. Finance agency had filled the blank cheque for the remaining amount. And filed case for cheque bounce. My relative had taken loan at Medak, Telangana and his bank account is in Hyderabad, Bank of India. But the case was filed in West Bengal, since the finance agency registered Office is at West Bengal.
Finance agency offered for settlement for Rs. 60,000. They tell to first pay the amount and later they will give NOC certificate.
If they don't give NOC after payment of RS. 60,000 what can we do? Please advise what precautions we have to take before payment?
Please let me know case status " E/R of warrant"? What it means? Please advise

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Deepak Yashwantrao Bade

Responded 5 years ago

A.dear client kindly you can file a suit after sending the due legal notice.

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ROBERT D ROZARIO

Responded 5 years ago

A.first warrant needs to be recalled and bail application needs to be filed. Thereafter enter into a settlement with the bank. You can contact me immediately with all details as I am practicing advocate from Kolkata (WB).

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Ambrose Leo

Responded 5 years ago

A.You have a complicated serious matter, better to consult a local lawyer from the panel for protecting your interest quickly.there is serious consequences under the Act.

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Shanti Ranjan Behera

Responded 5 years ago

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A.Dear Ravi Kumar Ji,
Do what the Bank said and keep your evidence for future use.
First thing is get rid of your loan first.
It will good for you in the long run.
Shanti Ranjan Behera,
Advocate

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Rameshwar Dadhe

Responded 5 years ago

A.Dear sir it is dependent on circumstanceal evidence or case fact. But u should solve it peacefully

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Kishan Dutt Kalaskar

Responded 5 years ago

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A.Dear Sir,
Since it is a small case you can not go and fight. It can be challenged on the point of jurisdiction. Take your own decision.

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Rajender Prasad

Responded 5 years ago

A.you can file a suit after sending the due legal notice. For details, pl contact some advocate through vidhikaryacom

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