I issued a cheque to my finance. After that I closed the account also I intimated them about the closing. But unfortunately they deposited that & it is bounced. Now they demand thrice the amount for settlement or they are blackmailing me for complaint in criminal section in police to arrest me. Please guide me a solution for this case legally.
They cannot claim thrice the amount and the notice is supposed be restricted to cheque amount only. At the most they can file a complaint u/s 138 of negotiable instruments act and that is bailable.