Cheque bounce and over valuation of land

• Have you lent money with a written understanding on business terms, to share the profit or loss?
• It appears 'NO' or have you lent money on specific interest terms, period of return etc.? If no, you can file a criminal case for the cheque-bounce case and recover your money.

Yes,you can file cheque bouncing case u/s 138 0f N.I.Act against drawer for get him punished under the said provision.You can also simultaneously file suit for recovery of cheque amount u/o 37 of C.P.C.

The charge of cheating may be difficult to prove ,as it was your duty to cross check the valuation made (refer : Buyer Beware)

Better file cheque bounce cases and under the pressure of imprisonment and fine as punishment , recover your money.

Seems you have passed the time to give notice on one cheque which has bounced.  You can represent that if it is still within time and give notice to the other party.

Consult an advocate immediately since you have no time for discussions.

I adher to the above learned Advocate's opinion

Better to file case u/s 138 N.I. Act for cheque dishonour.

Many thanks everybody for their time in replying. I have few questions.

could you please suggest any good advocates for cheque bounce and land litigations in hyderabad area?

Originally posted by : krish
	could you please suggest any good advocates for cheque bounce and land litigations in hyderabad area?

Adv. P JANARDHANA REDDY  : 09985133699
INDUS LAW ASSOCIATES ,
F-I,B-4 MIG, APHBCOLNY, MJROAD,  NAMPALLY P.O,  HYDERABAD-500 001

Keep Smiling .... Hemant Agarwal

S.138 may not  get you desired result, for the simple reason that you have his mortgaged property as security. It is your right to file the case, but you may not get the case in your favor, he will have a simple defence that the said cheque is dishonored even while keeping the property with you, moreover you are required to encash the security in case of failure of payment instrument. Court will not go into valuation aspect of property. 

He did not give the cheques for the purpose of the security but to clear off the dues by those specified agreed dates. Hence in this case, can he defend? He is not trying to pay the money and continuously postponing. He already postponed several times and finally agreed to clear but the cheques are bounced.