Bounced cheque

sandip singh (Querist) 22 January 2021 This query is : Resolved
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.
W1
W2
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.

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Advocate Bhartesh goyal (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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