Cheque bounce

rajashekhar (Querist) 21 January 2021 This query is : Resolved
sir a person has given an amount to his friend of Rs.3,50,000/- by account transfer to his bank and cash of 1,14,000/- total Rs 4,64,000/- now my client demanded return of said amount given as loan with 7% interest but a settlement has arrived for Rs.4,44,000/- with a reduction of Rs.20,000 from original borrowed amount and borrower friend has issued 2 cheques for Rs.3,20,000/- and Rs.1,24,000/- same got bounced a legal notice was issued narrating whole story with all details till dishonour but last para of legal notice a demand for whole loan amount of Rs.4,64,000/-was demanded with 7% interest till realisation.notice was issued by person who has given the loan with out going for legal advice. the case records were now taken to advocate now by person who has lent loan
is this legal notice of demand of Rs.4,64,000/- with interest of 7% per year is defective ? how to file 138 case if notice is treated as defective notice because loan amount demanded though all bounced cheque details are furnished what are case laws support the complaint to over come defective notice ?

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A person lent a significant sum of money, partly via bank transfer and partly in cash. A settlement was reached for a reduced amount, for which two cheques were issued. These cheques subsequently bounced, and a legal notice was sent demanding the original, higher loan amount plus interest. The lender is now seeking advice on whether this notice is legally defective and how to proceed with a Section 138 case, especially if the notice is considered invalid.

Advocate Bhartesh goyal (Expert) 21 January 2021
Repeated query.......Why ?

Dr J C Vashista (Expert) 23 January 2021
Do not repeat same query time and again.

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