Students queries [Resolved] [270]

sajoli 14 November 2011 at 10:55

Sec 138

my client has given certain undated cheques for the bills outstanding.

on his letter head there is a condition "kindly note all above cheques are only for the purpose to show your bankers as a security deposit and confirmation of outstanding balance with us.pls do not deposit the cheques unless an until you get our written confirmation,kindly acknowledge."

i have only put my initials on the above and it does not even bear my company rubber stamp.

1) what can i do to recover my outstanding amounts?
2) how can i use these cheques?
3) what if he does a stop payment of the cheques?
4) do i have to wait till he gives me a written confirmation to deposit the cheques as i have just put my initials and what is its legality?

i even have the delivery challans bearing his signature and some have his company stamps also.

He also has mentioned cheque nos,bank name, and amount on my outstanding ledger on which he has written "above mentioned cheques has been given for this statement(outstanding)".

pls suggest a way in which i can get my hard earned money back bcoz i think he dosent intend to repay.

posted query last night so not showing in today's list so posting query again plz give ur valuable opinion

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Anonymous 13 November 2011 at 13:40