Dear Sir/Madam, you are not escape from your legal enforceable debt under the Negotiable Instrument Act. But you are safe that cheque is secured for loan as security purpose, you will fight like this and to get more time. If any property is in your name that property will attached after the recovery certificate from court order, it will take time, but SARFACIE Act is giving immediate effect, you will avoid by use tactics. As your question CIBIL, it is definitely affect. If you want my legal advice as well as service I will do it under paid service.