i have given some amount of money to my friend for 10% interest which he has to pay every month getting signed on an rental agreement mentioning the same, with the proof of cheque stating to be returned with in a year. and he had payed interest for few months to almost an year and now a days he is not paying interest on time and now he has stopped paying and receiving my calls and replying me now.
i have a aggrement signed by him along with a blank cheque signed by him.given as proof
Contact nearest Advocate, get the cheque filled properly for entire dues and present the cheque in your account at Bangalore and in case of return, proceed under NIA 138 as per your Advocate's opinion.
I have only said that you cannot take action against him under 138 NI Act. However, he will deny about any
such agreement if you have no witness, but even then how the summons will be served to him, if you are opting the legal route.