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My friend took 1lac amount from a person with 15% per month intrest and paid his interest till 1yr and he gave his 1lac to the person who was guranter in between but the guranter did not gave money to the person he took from After 2yrs his chq was bounced and now he got summons
Sir, you should properly close your loan at the time of giving the amount back to the money lender and taking your cheque back from him. But now you can file a police complaint and a civil suit or criminal suit in which the burden of proof shall lie upon you to show that you really paid the amount back. For further legal assistance contact us on our helpline number.