138 act

Dear,

The offence is compundable [ can be settled outside the court]... .... You can neither deny the liability nor signing of cheques, even if signed blank and long back ... your liability can not be extinguished ....... If u have funds, better to clear it off  to get out of it .... regards

dera sir,

i have given 10 undated cheque of 1 lakh each to a company( garment) as a security deposit. when i closed the business with the company then the company produced the cheque in bank . the cheque bounced due to insufficient funds. and then they sent me a legal notice asking me to give them the amount. but according to them our business statement which was sent earlier shows that i do not owe money from them.

in this case what can i do regarding this. because i got the notice from the court now regarding sec 138 ni act.

can you please tell me if company misused my cheque and harassing me. what action can i take against them.

i am from different state and it would be very expesive to go all the way and defend them.

please guide  

Berkalys bank people are making lot of mistakes in filing cheque cases , if you contest properly you can come out of it.