Apni Law Staff asked 2 years ago
A friend needed a loan, and we agreed to help. He promised to pay interest of ₹500 a day while we waited for his loan to come through. However, the loan never materialized. He then demanded we pay him the accumulated interest, and when we couldn’t, he took our cheques as security. He promised to repay us once he got his loan, but after a long wait, he presented the blank cheques to the bank without informing us, causing them to bounce. He then filed a case against us, claiming fraud. We responded, defending ourselves against his accusations. This legal battle has gone on for ten years and is now in the High Court. What options do we have now?
Best Answer
Apni Law Staff answered 2 years ago
You can file a counterclaim against your friend in the High Court, seeking damages for the bounced cheques and the financial losses caused by his actions. You can also petition the court to stop him from using the blank cheques. Additionally, you can seek legal advice on potentially filing a complaint against your friend for criminal charges related to cheque bouncing and fraud.
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