Dear Sir,
I need an URGENT advise from you for the following matter.
One of my Friend came to me for partnership business and agreed to invest money into the new firm accordingly we have registered a Pvt Ltd Firm but during these days he took few amount of money by cheque as well as cash from me as loan and he always agreeing me to return the money soon and also will invest the money in the new company at the earliest. But he never return my money nor he invested the money in to the new firm.
Again he demanded a payment of Rs.1,60,000/- and I have given a cheque of the same but after that, he took Rs.250000/- cash from me as another loan and I stopped the cheque which I have issued earlier as he informed me that, it lost. I have stopped the same and asked for my money which I have issued previously a Cheque of Rs.104000/- and Rs.30000/- given earlier.
Another self check was issued to him before giving the above cheque and he encashed the same but he denied when I asked my money back and he threatened to file the cheque bouncing case and we failed to file a case against him but he filed case against me under 138 NIA.
The case is under final stage as I have to provide the evidence of the payment but there was no Liability against him at the time of the above cheque issued and he is now threatening that, if I have not settled the case by paying 7 lac, then no one can help me from going jail.
Please advise me BY RETURN that, what will be the legal point in this as my previous lawyer is favouring him and now I have appointed a new lawyer BUT I NEED A FAVOURABLE ADVISE FROM YOU ABOUT THIS CASE.
A reply by return would be highly appreciated.
Thanks & regards
Manu Joseph