- For the said investment by your friend , you are not legally responsible for payment , if the said company ran away.
- However, if you have given the said cheque on the pressure of police , it means that you are not having any proof with you for the same.
- Further , as per law, you are bond to pay the cheque amount if , the cheque bounced by him and filed a case.
- Hence, you should lodge a complaint against your friend and the said police official for taking a cheque from your forcibly, and after mention that he is threatening you for implicating in false case of N.I.Act.
- Further, on the ground of said complaint , make stop payment in the bank
- Further, issue a legal notice to your friend after mentioning that legally you are not liable to pay the amount investment by him in that company .
- If no response, then file a Declaration suit for declaring the said cheque null and vied .
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