Reading: My father-in-law received two lakh rupees worth of cheques from me two years ago, acting as a guarantee for a chit fund. I repaid the full amount in monthly installments during that time. Due to family conflicts, we haven’t been in touch, and now they’re threatening legal action by presenting the cheques to the bank. I’m deeply worried about this, especially given my current financial situation. Will stopping payment on the cheques help? What happens if they present them and they bounce? I’m desperate for guidance – what should I do to resolve this crisis?

My father-in-law received two lakh rupees worth of cheques from me two years ago, acting as a guarantee for a chit fund. I repaid the full amount in monthly installments during that time. Due to family conflicts, we haven’t been in touch, and now they’re threatening legal action by presenting the cheques to the bank. I’m deeply worried about this, especially given my current financial situation. Will stopping payment on the cheques help? What happens if they present them and they bounce? I’m desperate for guidance – what should I do to resolve this crisis?

Last updated: August 25, 2025 12:58 pm

Apni Law

1 year ago

Law Forum › Category: Cheque Bounce › My father-in-law received two lakh rupees worth of cheques from me two years ago, acting as a guarantee for a chit fund. I repaid the full amount in monthly installments during that time. Due to family conflicts, we haven’t been in touch, and now they’re threatening legal action by presenting the cheques to the bank. I’m deeply worried about this, especially given my current financial situation. Will stopping payment on the cheques help? What happens if they present them and they bounce? I’m desperate for guidance – what should I do to resolve this crisis?

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Apni Law Staff asked 1 year ago

My father-in-law received two lakh rupees worth of cheques from me two years ago, acting as a guarantee for a chit fund. I repaid the full amount in monthly installments during that time. Due to family conflicts, we haven’t been in touch, and now they’re threatening legal action by presenting the cheques to the bank. I’m deeply worried about this, especially given my current financial situation. Will stopping payment on the cheques help? What happens if they present them and they bounce? I’m desperate for guidance – what should I do to resolve this crisis?

1 Answers

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Apni Law Staff answered 1 year ago

Stopping payment on the cheques might only delay the issue, as the cheques were given as a guarantee, not for a specific debt. If they bounce, you could face legal action for dishonoring the cheques, leading to potential fines and imprisonment. You should immediately attempt to communicate with your father-in-law, explaining the situation and seeking an amicable resolution. If that fails, you should consult a lawyer to understand your legal options and protect your interests.