Need Legal Advice for Cheque Bounce case

[User_8557990a]

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User_8557990a
PARTICIPANT
February 7, 2025 at 7:27 pm

I gave money to a person without any note whom I met through online (I know it is so stupid of me) which told he would invest that money in stocks and give back with 50% profits in a week. After continuous begging for 6 months he gave a cheque with principle and profits combined which got bounced twice. After I asked for his bank statements it is clear from that he never used money to do trading but cleared off the loans he already had. It’s been already 2 and half months since it got bounced and he gave back only 30% of principle till now. Please tell me if I should go to lawyer to send a notice. Will it take years to settle this type of cases? Pls advice

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[Brightseeker9869]

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Brightseeker9869
PARTICIPANT
February 7, 2025 at 8:29 pm

Lawyer here. It’s a good sign that the accused is starting to pay you. That in turn means, if we file a case against him, he’d pay up. Secondly we’d have to analyse our options to 1) secure the money 2) secure it the fastest way possible.

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[Ashishmaster940]

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Ashishmaster940
PARTICIPANT
February 7, 2025 at 8:57 pm

Cheque bounce case timeline and essentials are strictly construed.

Rebounce the cheque, send the legal notice and file the suit within the specific timeline. 

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[User_8557990a]

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User_8557990a
OP
February 8, 2025 at 3:25 am

Can we rebounce it even after the memo is generated and also I already reprocessed it once which got bounced. Can we reprocess 3rd time again?

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