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POWER UNDER SEC 138 OF NEGOCIABLE ACT

This query is : Resolved 
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(Querist)
11 December 2009 SUPPOSE I GIVE RS. 50000 TO MY FRIEND ON CREDIT AND AS A SECURITY I TAKE BLANK CHEQUE(BUT SIGHNED BY HIM) FROM HIM.....
IF AFTER SOME TIME HE NOT PAY MONEY TO ME??? THEN TELL ME FULL PROCESURE OF MONEY RECOVERY ? ALSO SUGGES ME THAT CAN I RECOVER ONLY PRINCIPAL MONEY OR WITH INTREST?????SUGGGES ME WHERE CAN I TAKE ALL ACTION AND WHAT PROCESURE FOR IT??????????
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CA Kartik Pandya

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CA Kartik Pandya (Expert)
11 December 2009 u can sue on ur freind only if u have written agreement.
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