Dear Sir. I put a cheque in the bank for 1 lakh rupees but it bounced and the person who i gave the cheque to has told me he will revert back but he is not answering my phone nor is he giving me a date when he will give my money.
I went to meet him. But he is not there. The neighbours tell me that he is not at home since a month. His phone also has been switched off since more than 1 and a half month.
I know this person and i gave him cash which i had to borrow from others. i don't have any proof only that i got this cheque at the time of giving him cash. He was giving me an interest every month in return.
What should i do. I hava a few sms which says, C to rtn capital aft payout so assuming 11/1 also as mid point u can rcv ur principalfunds to b rtned by say 2/2 so will arnge for that.
What should i do. Can i send a notice to him. But he is not at home currently and what could the outcome be. Its been 20 days since i got the cheque back from the bank. Should i let him know that i am going to send him a notice for the bounced cheque. What could be the outcome and how much expense would be incurred if i was to send him a notice and file a case against him.
He sometimes replies to my mail. This guy doesn't seem to care.
Thanks for all your help.