Help - Cheque bounce

Shubhi (Querist) 26 June 2010 This query is : Resolved
Mr. Y has issued some blank cheques to Mr. X as surity against loan. Now Y has repaid the loan vide cheque issued by his mother in the name of X's brother. Receipt of this cheque is signed by Mr. X and X's brother.

(receipt is not stating about loan or any other blank ch. issued earlier by Y. It is only a simple cheque receipt in which it is mentione dthat cheque is issued on behalf of Y and X's brother is accepting it on behalf of X)

X has taken the cheque but not returned the blank cheque or the loan agreement. What should Y can do in this regard.

Y is apprehensive that X can present the cheque and on bouning he will file a suit.

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DEFENSE ADVOCATE.-firmaction@g (Expert) 26 June 2010
State the facts and give notice for return of cheques.

adv. rajeev ( rajoo ) (Expert) 26 June 2010
issue notice without making unnecessary delay and intimate the bank to stop the payment and inform the same to the person who is having cheque