About 5 Years ago, I ran into some financial issues and one of my Friends advised taking UN-official hand loans from someone that he dealt with and offered me loans worth up to 3 Lac Rupees at an interest rte of 10%. Though it is high - because of my immaturity and confidence that I would re-pay with my earnings, I have taken those loans by signing some promissory notes and giving blank checks.

I have paid 10% interest for over 2 and half years and 6% interest later to that for over a year and paid about 10 to 12 lac rupees in cash for the same.

About more than a year ago - I came to know my friend was the person who was charging me 10% interest all these years and I nicely informed that I came to know and I cannot pay anymore interest but will try and pay some money finally as I said I would pay. There have been many frustrating years I had to live through for paying that high interest and finally my father and me went ahead to discuss and finalize but the lender (Once my friend) demanded another 2 and a half lacs to finalize and close. My father said we cannot do that and during the same discussion we have talked about how much we’ve paid and that it was a real struggle paying that much of money with 10% interest, I am the bread earner in the family and I struggled a lot all these years. Finally, we’ve informed we would not be able to pay anything more as he demanded a lot more and walked away from the discussion. (All this discussion is video recorded by me luckily for any future reference)

Now, the lender (once my friend) used one of my checks (blank and signed by me unfortunately because of trust, actually because of the push too) given to him over a year and a half ago and submitted it writing for 8 Lac Rupees may be along with a recent date. I now understand that he would file a case in the magistrate soon.

I have check leaves with later series numbers of the bounced check that were cleared over a year ago and so it says this check was given over a year and a half ago.

I’d really appreciate legal suggestions on what can be done in this case please…