I gave a sum of nearly 12, 00,000(Twelve lakh InR) through bank to bank online transfer to one of my family friend who also is a colleague of mine in a IT MNC .We both work for the same company .It has been more than an year over that he didn’t return the money and on 15th Aug 2013 I asked him to issue me a cheque for the same amount which got bounced on Nov 8th 2013.
After that he was repeatedly asking for time inorder to repay the money back despite my continuous requests with him for returning my money .Just because I didn’t want to spoil his career I was waiting for him to return the money but it never happened and I was holding the cheque without filing either any complaint . Recenlty I insisted him to issue me a fresh cheque for the same amount and he is denied to issue me a fresh cheque for the same amount .I would now want to file a criminal complaint rather than a civil complaint against him because I am assuming a criminal complaint would be effective than a civil to retrieve my money.
Can I proceed with the existing bounced cheque to file a criminal case against him? Kindly guide me in this matter.