Invested my Money with an Organization few years back to trade in Commodities. All money transffered was online. For first few years all was good. Since last three years no returns are there, since organization CEO has made losses in other business. He issued cheque around six months back which is now due. However he states not to deposit these cheques, since he cannot honour them.
Need to have appropriate legal understanding if going legal will benefit or we have to wait for payer agreement to deposit cheque.
If file a case under NI ACT, what are positive chances of getting money back and what would be duration.
What will be consequences for CEO, will he be paying back and what can force him to pay.
What would be my legal expenses in going through the process and getting my money back.
Will the person be really forced by this act, as far as we have heard, he already went to Jail on complaint from other investors and got bail. So will going legal really help and we get money back.
Any alternate option.