Defense in Cheque bounce case
1 year ago
My father used to run a medical shop 8 years ago. He took a loan from a private lender and gave my blank cheques as surety. Our shop was closed due to losses in 2017. I was doing a private job since 2010. Now the private lender has bounced my blank cheques in 2023 and filed a cheque bounce case against me, i.e. almost 7 years after he has lent the money to my father. Shall I fight the case as I did not take money directly from the lender and did not sign on any promissory note? or Shall I go for compromise as I stay in Mumbai and the case is filed in Hyderabad and it is difficult for me to travel every time for the hearing? Please advice.
A.Dear Client
As per the law, the person who signs the cheque is responsible for its payment, regardless of who the beneficiary of the loan was. While attending court proceedings may be challenging, disputing the case or seeking a compromise are options to consider. Please consult a lawyer to ensure any agreement reached is legally valid and protects your interests.
As per the law, the person who signs the cheque is responsible for its payment, regardless of who the beneficiary of the loan was. While attending court proceedings may be challenging, disputing the case or seeking a compromise are options to consider. Please consult a lawyer to ensure any agreement reached is legally valid and protects your interests.
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