My friend borrowed money from me, and I gave him an undated cheque as a guarantee. We didn’t have any written agreement. He deposited the cheque without asking, and now it bounced. What legal action can he take against me, and what should I do? Please advise. Thanks!

Your friend can file a criminal complaint under Section 138 of the Negotiable Instruments Act for cheque dishonor. You should immediately contact your friend and settle the debt to avoid legal consequences. It’s advisable to consult a lawyer to understand your legal position and negotiate a resolution.