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Dear Client,
When a person issues a post-dated cheque against a promise or against any refund of money refundable by her or him and the cheque receiver holding the said cheque is free to present the same for encashment. If on presentation the cheque is dishonored or bounced for any reason, then the holder of the Cheque can file a criminal suit against the drawer of the cheque under section 138 N I Act, 1938 within three months from the date on which it was presented in the bank and dishonored.

Dear Sir,
It is a small amount and you cannot recover the same if you have no document like, promissory note or cheque. Your contact itself illegal as such you must say that you have given her only hand loan and she agreed to give normal interest to you.

Dear Client,
Your query suffers from a lack of information to address it suitably. However, be informed that in the absence of documentary evidence showing the ground/reason behind the transaction of money between the parties, no legal remedy is feasible to recover the said money even through litigation. You may, however, serve a legal notice to the friend asking him to refrain from threatening which may work or may not work.

Dear Client,
In India, money lenders are governed by the Money Lenders Act, 1957 in different states. Any individual/organization engaged in a money lending business must hold a license from the appropriate authority such as the RBI or the State Legislature. A money lending license is usually granted by the Revenue Department of the respective state government in compliance with the provision of the Money Lenders Act and the state-specific rules. If any person or a group of persons is involved

Dear Client,
A Guarantor/Surety is equally liable for repayment of the debt of the principal Borrower and if after exercising all the steps for recovery of debt against the Borrower fails, the Bank takes steps for recovery of debts from the Guarantor attaching the security offered by the guarantor against the loan. Once agreed, a guarantor cannot revoke or cancel his guarantee to the said loan unilaterally which is legally impermissible. Even in the absence of a borrower or guarantor his or her

Dear Client,
As per the RBI Guidelines, Banks/NBFC/FI are advised to ensure that the contracts with the recovery agents do not induce the adoption of uncivilized, unlawful, and questionable behavior or recovery process. In the context, reference is invited to (a) Circular DBOD.Leg.No.BC.104/ 09.07.007 /2002-03 dated May 5, 2003, regarding Guidelines on Fair Practices Code for Lenders (b) Circular DBOD.No.BP. 40/ 21.04.158/ 2006-07 dated November 3, 2006, regarding outsourcing of financial servi

Dear Client,
Telegram investment groups are not safe. Scammers often use them to lure people into investing in fraudulent schemes by impersonating their identities to investors. Before any financial investment in a security and financial company, investors should check the ins and outs of that company to protect their investment from gambling. Telegram scam/fraud refers to any malicious or deceitful activity that takes place on the Telegram messaging app. The types of fraud conducted on the app

Dear Client,
Under the Provincial Insolvency Act, 1920 (which is now repealed as IBC Code 2016), you can file an application for bankruptcy if you are unable to repay a debt greater than ₹500. After analyzing whether the conditions for filing for bankruptcy have been met, the court may accept or reject the application. But, in the absence of any property/assets, your insolvency petition may be rejected by the Court. Alternatively, you can try to negotiate a debt settlement on your own if your

Dear Sir,
It is purely a civil in nature as such he cannot file any FIR against you. If filed you can get bail immediately and later get it quashed by approaching High Court and then file defamation case against him.

Dear client,

In situations like this, where a company fails to honor an investment agreement and the management is unresponsive, you can take a few steps to protect your interests and seek recovery. Here’s a recommended course of action:

1. File a Police Complaint:
In Chennai: Since the company is based in Chennai, you can file an FIR (First Information Report) there, preferably with the Economic Offenses Wing (EOW) of the Chennai Police. The EOW deals with financial fraud and investment sca