I have done a bank transaction from my account to the borrower's account around 11 lacs. He has not returned the money per agreement. Hence I presented the 11 lac cheque, the borrower gave me as collateral. It bounced with reason as "Insufficient funds". I approached a local lawyer to issue a notice to him. Since the amount is huge, the lawyer told me that he will calculate and get back to me with the charges.
The lawyer charged me Rs 6500 for issuing the notice and filing the case immediately after 15 days. I wanted to know what other expenses should I incur in this case? After filing the case, even if it takes years, should I incur more expenses until court comes to the judgement? Please list me what are types of expenses can I expect more in this case.
Thanks in advance for your reply. Please provide me as much as information as possible.
