Narendra 17 April 2018
ganesh rao (x) 17 July 2018
It was not a wise decision to advance the amount. Rs. 12,000/- p.m. on three lakhs works out to 48% per annum interest. How could you believe that the person is genuine and he would keep up his word? how much should he earn on the three lakhs to pay 48% interest? you were lured by the amount of interest promised. did you meet the person at all?
was the 12,000/- paid for some months? since you have a cheque, it can be presented and if returned unpaid, give notice within 30 days of return, demanding payment within 15 days of receipt of the notice. if not paid, complaint u/s. 138 of N I Act can be filed in the court.
it is highly doubtful that the amount can be recovered.