One of my friend has taken Rs 18000 in Cash from other friend(Customer) on interest @3 % per Month. In liue of the security my friend gave him a Blank Signed undated Cheque.
Now that person was demanding Rs 600000 (6 Lakhs) gainst the cheque.
He filled the cheque himself and deposited same in Bank. My friend has received a message of cheque bounce on his mobile.
Now that other person is asking to settle the case by giving atleast 1.25 Lakhs. He is saying that if he will not give Rs 1.25 Lakhs in a week or two he will get the section 138 notice issued and lodge FIR to police and will ask Police also to torture as he has some influence in Local Police station.
The perosn is Middle class one with small grocery business. They cant immediate arrange Rs 1.25 Lakhs.
Can he also lodge a Complaint and FIR that this cheque has been misused etc. Can that person give such huge amount in Cash without any licenence.