Kg 18 November 2016

Recovery of loan

Sirji,

I gave loan of Rs. 10 Lacs to one party who executed a promissory note and issued a post dated cheque and also issued one letter acknowleding therein the receipt of money and further declared in that letter that he will mortgage his Flat to me in 30 days but 60 days passed but he refused to mortgage the flat hence I filed RCS for specific performance, which is pending

In the meanwhile on due date of cheque, I deposited his cheque on 15-9-2016 which was dishonored and so party came to me with requests that he is paying within 15-20 days but he did not pay till today and not only that but now whenever I go to his house, he avoids me

Kindly guide the speediest way to recover money from him

regards

Thanks

HARIOM

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3 Replies

Adv. Yogen Kakade (+ 91 9225510883) 18 November 2016

File a suit u.s. 138 of Nego. Inst. Act and also a criminal case under sec. 420 of IPC file in the court under sec.156 (3) of CRPC. Do not waste time.

Adv. Yogen Kakade

Jurycon Incorporation (Advocates & Consultants)
Email: juryconincorporation@gmail.com
Web: www.juryconn.in Phone: 020-65248888 / 09225510883

Kg 18 November 2016

Sir,

But I have not given any notice to the opponent for returen of the cheque and now about 60 days have passed

then how to go for sec.138 under N.I.Act

Thanks for Reply and waiting for further guidance

HARIOM

(Guest)

Sir,

As stated by you the cheque has been dishonoure. You may proceed under 138 NI Act. For this you shall hire a counsel specialising in Cheque Bounce Cases.

Regards,
Rit Arora
Advocate
7838737001