Answers
Hi Jaswinder,
Does the party have an evidence that you took the loan from them? Or that you still ahve not returned it? If they don't have evidences for these, you probably have nothing to fret about. However, why dont you return the loan amount to the person - after all, that is what he wants and may then withdraw the case.
Answered On:-
9/23/2009 3:53:57 AM
Dear Jaswinder ,
Kindly name the court and provision under which the case is filed, in case its under 138 of Negotiable instruments act then you have no remedy other than paying the amount , however you may state in your prayer that due to legible reasons you are unable to the pay the amount and the intrest therefore the interest should be waived . make sur ethat the reasons are valid and prima facie reflect.s your inablitiy .
also make note that whenever you have to signa cheque mention the date ... this will give you a chance to keep in mind the availablity of balance in the account till teh validity of the cheque.
all the best
Anshu Priyanka
Answered On:-
10/7/2009 5:14:31 AM