I lost around Rs. 10 lacs in cricket betting to a friend, who has just became a bookie few years ago. As i had no money so i have given him 2 post dated cheque few years ago due to mental pressure. Now the date came, he dropped the cheque and it has bounced. Now he has sent me 2 legal notice for NI 138.
Note, he was my friend as well so i took money from him on monthly interest. I took 2 lac from bank to bank and i repay him 4.25 lacs including gambling payment as well. Later i took again 1 lac and 2 lacs which i repayed him in cash. So officially whatevet money i took in bank i repayed him 90% and rest was paid cash. So whatever cheque he has, it is for 100% gambling money. Now what way should i approach the court? And he does not have the earing where he can pay me 10 lac rupees in few year. So in notice he mentioned that overall he gave me 10 lacs slowly slowly for business. For that there is no official record.