I have given 12 lakhs to a person and took cheque as well as promisory note for that. out of the 12 lakhs I gave 4 lakhs through online banking transfer and rest 8 lakhs as cash.
is this fine to file cheque bounce case ? will my case stand or anyone will ask why is that I gave 8 lakhs as cash and what's the proof for that ?
kindly help me with this.
You siad that you have a promissory note there must be detail of money you paid to borrower and if so then that is proof of tranasction ;You proceed with 138 NIA and also you can file a suit under Order 37 CPC ,that is speedy but you have to pay the court fee.
Once you entrust this to Advocate, he will guide you on each point, as to establish a financial transaction over Rs.50,000/- must be supported by a crossed cheque while making payments to others. There is no other alternative for you to recover in other ways then filing a cheque bounce case after issuing such notice. You should be very careful while issuing such notice .
