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Madaiah (Ex-serviceman)     23 November 2013

Cheating case

I invested Rs. Five lakh in a proprietery firm which deals with plywood business. for the transaction a MoU was made and he agreed to pay a profit of Rs.1/- per square feet sale. After some time he stopped payment of profit even he is doing a profitable business. Then I asked to return by investment back, for my request he not given my investment back nor the committed profit. There fore I filed a petetion under sec 138 NI act and complained at police station under sec 420,406 for cheating. Now my question is, it is advisable to maintain two seperate case for principle and profit.



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 2 Replies

T. Kalaiselvan, Advocate (Advocate)     23 November 2013

If you are filing a suit for recovery of money and if you are very sure of the exact profits earned during your investment period and the proportion of your profit amount you can include the profit also in the recovery suit.

1 Like

Advocate Bhartesh goyal (advocate)     28 November 2013

It is adviced to file a single suit for recovery of your money{invested} and for profit.


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