Bounced cheque

This query is : Resolved 

Online (Querist)
22 January 2021

Received with thanks a sum of Rs.5,00,000/- (Five lakhs only) from Sri Simanta kumar Dash, aged about 40years S/o-Satynarayan Dash resident of Plot No-126, Road-2, Lane-4, Sri Jagannath Vihar, Baramunda towards friendly loan which I will return within 7 days from date of signing of this agreement and I am also giving a post dated cheque of ...... bank dated ......vide cheque number...... of Rs.5,00,000/-. I will face legal consequences if I fail to repay this above amount as per court of law.
Lonee name
Mob number

Adhaar copy attached

Please advise whether this agreement format is valid to recover loan amount n what is legal consequence if a cheque gets bounced.

Advocate Bhartesh goyalOnline (Expert)
22 January 2021

If given cheque bounces,you may use the said agreement as supporting proof in the proceedings of cheque bounce case.

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