Susheelkumar Yadav 28 July 2019

Check Bounced

My friend borrowed money from me by giving the cheque of same amount. But when I submitted the cheque it got bounced. This incident has happened about 8-9 years before. Till now he was making excuses that he will return the money as soon as he can. Now he is saying do whatever you want to do and he won't return money. Kindly advise the legal actions which can be taken on him.
And how soon money can be recovered from him.

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4 Replies

Adv Deepak Joshi +917017821512 (Advocate) 29 July 2019

as the matter is 8to 9 years old nothing can be done legally to recover money

SACHIN AGARWAL (ADVOCATE) 29 July 2019

The matter is beyond limitation and nothing is possible under law. However, you can lodge FIR of forgery and cheating and it may be compromised.

SIVARAMAPRASAD KAPPAGANTU (Retired Manager) 29 July 2019

You slept on your privileges law had given and allowed the debt time-barred. When the cheque bounced, you should have initiated action as per the time frame is given in Section 138. Now after such a long time, beyond the time prescribed for taking action in the case of a debt, as per Limitation act, there is nothing that can be done through Courts.