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ashok (retired)     08 October 2022

cheque bounce

The accused company has compromised with applicant through District Court Mediation center, to repay the dues in six EMIs of bounced cheques amount, issued by accused but after paying 4 installments, the accused company has stopped paying the accused further instalments as per agreement, informing the accused on phone that since the NCLT has appointed "an interim resolution professional" (IRP) hence submit your claims accordingly.
it is pertinent to mention that Hon'ble NCLT has ordered insolvency against the accused on the plea of homebuyers who have paid the company to buy homes, whereas the applicant is not Home buyer of company but is an investor with company by way of Fixed deposits of company.
Moreover, accused has not informed/sought permission to terminate agreement from the court where case is pending.
Now how should the applicant proceed the case in court.
please advice...


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