I owe money to my friend
I owe money to my friend
During 2018 - 2019 i have borrowed money (17 lacs) from my friend. It was a mutual understanding that i will return it in a year or 2. However i was hit financially bad and lost lot of money. I have t
1 year ago
A. Hello Client,
Firstly, please tell your friend about your financial situation. Secondly, if he files a case, then you need to prove that you are indeed financially not stable enough to pay through and request the following method of payment to be considered. Also, maybe you can get into a contract with him to repay on a monthly basis.
Accountability of police in failure of executing warrants
My query is related to the duties, responsibilities & accountability of the Police. In this case the accused has borrowed a huge number of loans from 10-12 banks and is a serial defaulter and crimin
1 year ago
A. Hello Client,
Yes, they are liable. According to Police Act, 1861 S.28 covers the same saying that every police officer who commits a duty violation, neglects to follow a lawful order or regulation issued by a competent authority, resigns from his position without authorization, engages in lawful employment outside of his position without authorization, is cowardly, or uses unjustified personal violence against a person in his custody will be held accountable upon conviction before a Magistrate.
Invalid cheque merger took place
Sbp cheque deposited in oct 18 whereas merger took place in april17 and old cheques became invalid after 31st march 2018. Account was closed in feb 17 , hence after merger, the account was not trans
1 year ago
A. Hello Client,
I understand the chronology of the situation but am confused as to what your question is. Can you kindly clarify the same? Thank you.
Cheque bounce - Cheque issued in my favour
Cheque issued in my favour on 15 May 2013, deposited before 6 months, bounced. Bank memo says "Insufficient Funds". Accused now pleads that as per RBI notification from 01.04.2012 the validity of Cheq
1 year ago
A. Dear Sir,
It is a legal point and the Trial Court has no power to reject the registration of a cheque bounce case under Section 138 of NI Act. Get it registered and get issue summons to the Accused if not registered approach Higher Court.
Cheque bounce - I had given a cheque to x after taking a loan
I had given a cheque to x after taking a loan from him before 10 years. Cleared my debts with an abnormal interest of ₹36℅to 60℅.After clearing the debts he didn't return my cheque as he had mis
1 year ago
A. Dear Client
You should furnish your whole details or conditions to the base branch manager.
You are not obliged or anything as you have already closed the bank account 5 years back.
Hope it helps
NIA - How can the money be recovered
How can the money be recovered when after the death of the accused . According to NIA . What else can be done except the recovery from the property and legal heirs . Also the case is filed in High cou
1 year ago
A. Dear Client
You should wait for the decision of the High court in the present case.
Also, if a case is pending in a court, no further steps can be taken till the matter is adjudicated.
Thanks
Stamp duty fees while filing case of N. I Act section 138.
What would be charges if cheque amount is Rs. 1,05,650/-
1 year ago
A. Dear Client,
A complaint for dishonour of cheque under Section 138 of the Act can be filed in the court situated at a place where the bank of the payee is located. It is a punishable offence with a fine which can extend to twice the amount of the cheque or imprisonment for a term not more than two years or both.
Cheque Bounce -how to file complaint
Cheque has been bounces and its almost 3 month but no other cheque has been issue and we shifted location to another city. Where and how to file complaint
1 year ago
A. Dear client,
You should have filed the case within 30 days of the cheque bounce, but it is already 3 months. So, consult a lawyer and send them a legal notice first and if they do not reply, file a case against them under section 138 if The Negotiable Instruments Act with a reasonable explanation for the delay in filing the case.
PDC validation - want to pay a postdated cheque
Good morning. My brother in law's want to pay a postdated cheque to my wife for foregoing her share in a property. They are asking her to sign the document at registrar office. At present their intent
1 year ago
A. Dear client,
it is not always advisable to issue a post-dated cheque. This is because there could be possibilities that you may not be able to honour the cheque on the given future date.
cash given to friend for business
I given money as a friendly loan and duration of this is 36 months from 2018. But now person who take money is not returning my money. in 3 months they give me 500 rupees after multiples follow ups. I
1 year ago
A. Dear client,
You can recover through the following means:
1. Civil suit - The first step is drafting the summary suit and then it should be summoned to the person who borrowed money. The court requires certain documents to be produced before them along with the copy and summons. Once the suit is filed, the defendant will be asked to appear before the court within 10 days.
2. Criminal suit - The lender has to prove that the person had committed criminal breach of trust and had not returned the m ...ReadMore
