Dear sir
I was a director of a company.I resigned from my position.On my last board meeting there was discussion on selling of company assets where where I agreed to sell a software worth
Rs 85,906/- .
Then I had few clients in mind and thought could sell that software.I had issued a cheque to the company as a security against the software as I was supposed to be given custody of that software .However the company handed me over only one module of the software
Still I tried my best to sell the software but did not succeed .
So I decided to surrender the part of software I had and asked them my cheque back
Now the company is saying since I had agreed to sell the software it is my responsibility to pay them even if the software is not sold
They are even threatening me that they will present my cheque in the bank and take me to court
I have many times sent them emails and told them not present the cheque and I have issued a stop payment.
I have also clearly specified that I was only trying to help them to sell software and no point of time interested to buy that software .
What should be my next course of action?
Please help out in this
