I issued a blank cheque to a cooperative bank for a loan of ₹3 lakh. I’ve made partial payments of ₹2.2 lakh and ₹3.9 lakh, including interest. But the bank is still claiming I owe ₹2 lakh. I can’t afford to pay this, but I want to pay the remaining amount. The bank is refusing my request. What can I do?

Apni Law
Apni Law
Law Forum › Category: Cheque Bounce › I issued a blank cheque to a cooperative bank for a loan of ₹3 lakh. I’ve made partial payments of ₹2.2 lakh and ₹3.9 lakh, including interest. But the bank is still claiming I owe ₹2 lakh. I can’t afford to pay this, but I want to pay the remaining amount. The bank is refusing my request. What can I do?
Vote Up
302
Vote Down
Apni Law Staff asked 1 year ago

I issued a blank cheque to a cooperative bank for a loan of ₹3 lakh. I’ve made partial payments of ₹2.2 lakh and ₹3.9 lakh, including interest. But the bank is still claiming I owe ₹2 lakh. I can’t afford to pay this, but I want to pay the remaining amount. The bank is refusing my request. What can I do?

1 Answers
Vote Up
29
Vote Down

Best Answer

Apni Law Staff answered 1 year ago

You can approach the cooperative bank and request a detailed breakdown of the outstanding amount. If you believe the calculation is incorrect, you can request a formal audit or seek legal assistance. You can also try negotiating a payment plan with the bank.

You Might Also Like

My friend lent me ₹5.2 lakhs, but my cheque bounced because my account was closed. I got a legal notice, but didn’t reply. Now I’ve received a court summons for January. I’m unemployed and a single parent, so I can’t repay the money. What can I do to get out of this situation?

Namaste sir, this is Shashi, as mentioned in the email subject. I worked for JUSTADZ.COM, an advertising firm, as a marketing executive for about two months. The company promised to pay me a travel allowance and my salary through post-dated cheques. However, when the cheque matured, it bounced. We contacted the owner, but he kept asking us to wait for a few days. We waited patiently, but when our team called again for the salary, he used abusive language. Now the cheque has expired.

Can a complaint filed against a company under Section 138 of the Negotiable Instruments Act be valid if it’s signed by an authorized representative but lacks verification?

I hired a driver through a consultation firm, paying them ₹18,000 by cheque. Despite exceeding the agreed timeframe, they couldn’t find me a driver. I repeatedly requested a refund from the manager, who eventually gave me a post-dated cheque which bounced. When I asked for a cash refund, he promised it on a specific date. However, when I arrived, he demanded the bounced cheque back! My bank confirmed the cheque was returned unpaid, and I showed the firm my statement, but they still refuse to return my money. What can I do now?

My neighbour gave me a document and a cheque saying it’s a “non-judicial stamp paper” to ensure he’ll pay back the money he owes me. What exactly does this mean?

Share This Article
Previous Article My husband and I got married in 2014 according to Hindu traditions. We lived with his family, but a month before our first anniversary, they asked me to leave. They gave flimsy reasons, like my sister-in-law objecting to my casual conversations with friends online. They never even discussed this with me before. My husband suffers from schizophrenia and wants a divorce, but I want to stay with him. What are my legal options?
Next Article My house has a title deed, but I’ve lost the original sale deed. Can I get an education loan if I show the title deed and a certified copy of the sale deed?

Follow US

Find US on Social Medias
Popular News
- Advertisement -
- Advertisement -
Ad imageAd image

📢 Stay Connected!

Join our community on Telegram and WhatsApp for instant updates, news, and exclusive offers.