My father, a trusting man, invested Rs. 4 lakhs in a TV show based on the word of a close friend. This friend promised monthly payments of Rs. 1 lakh every two months, totalling Rs. 6 lakhs, and gave my father six signed post-dated cheques. Sadly, the deal was only documented on a simple piece of paper, not a legally binding agreement. The friend has now stopped making payments for the past 6-7 months. I live in another city and was unaware of this until recently. What legal options can we explore to recover the money?

Apni Law
Apni Law
Law Forum › Category: Criminal › My father, a trusting man, invested Rs. 4 lakhs in a TV show based on the word of a close friend. This friend promised monthly payments of Rs. 1 lakh every two months, totalling Rs. 6 lakhs, and gave my father six signed post-dated cheques. Sadly, the deal was only documented on a simple piece of paper, not a legally binding agreement. The friend has now stopped making payments for the past 6-7 months. I live in another city and was unaware of this until recently. What legal options can we explore to recover the money?
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Apni Law Staff asked 11 months ago

My father, a trusting man, invested Rs. 4 lakhs in a TV show based on the word of a close friend. This friend promised monthly payments of Rs. 1 lakh every two months, totalling Rs. 6 lakhs, and gave my father six signed post-dated cheques. Sadly, the deal was only documented on a simple piece of paper, not a legally binding agreement. The friend has now stopped making payments for the past 6-7 months. I live in another city and was unaware of this until recently. What legal options can we explore to recover the money?

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Best Answer

Apni Law Staff answered 11 months ago

Your father can file a civil suit against his friend for breach of contract and seek recovery of the Rs. 4 lakhs invested. As the cheques are post-dated, you can attempt to deposit them and file a criminal complaint for dishonor of cheques under Section 138 of the Negotiable Instruments Act, 1881. It is advisable to consult a lawyer to explore the most suitable legal options based on specific facts and evidence.

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Previous Article My friend borrowed Rs. 4 Lakhs from me, transferred in six online payments, with a signed loan agreement. He gave me a cheque for the full amount, but it bounced. He’s now delaying repayment. If I file a case under Section 138 of the Negotiable Instruments Act, will I get my money back? Can I get compensation from the bail bond he provides in court, and how much would that be?
Next Article A civil suit was filed in court regarding an employment dispute. The facts were clear, but the bank did not respond to the claims or present evidence. The lower court dismissed the suit without addressing the arguments. The appeal court also dismissed the appeal without addressing the arguments presented. In the final appeal, 15 crucial legal questions were raised, but the court ruled that there were no substantial questions of law and ignored the questions. Two key questions remain: 1. If the facts are undisputed and the defendant acknowledges the plaintiff’s claims, should the court issue a judgment in favor of the plaintiff? 2. Should the court consider all arguments and evidence submitted in the affidavit and written statements before dismissing a case?

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