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
Deepak Yashwantrao Bade
Responded 5 years ago
ROBERT D ROZARIO
Responded 5 years ago
Ambrose Leo
Responded 5 years ago
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
Rameshwar Dadhe
Responded 5 years ago
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.
Rajender Prasad
Responded 5 years ago