Cheque Bounce

Magistrate cancelled my complaint under section 138 NI Act saying premature. I presented the cheque in the bank and that cheque was dishonoured. When I came to know from the bank that the drawer has insufficient money in his bank account the cheque has been bounced....

My friend has cheated me by presenting a cheque which I given to him for another purpose but he used it to initiate a false legal proceedings against me. He is a property or real estate broker and having good business in our locality. We are also doing a small business related to the collection centres for different pathologies. During the covid we made huge profit and invested that money in the stock market. That business also flourished under the guidance of my friend. He is a master in the field of investment because he is MBA from a very reputed college. In the last year he told me to establish a pharma company but I was not ready because I wanted to carry on the investment. Our investment business was running very well last year. 

Due to conflict of interest some differences have taken place between us. I withdrew all my investment and started another firm with an independent director. He presented that cheque in the bank by filling the details such as the date and amount. It was a blank cheque. He has written in the complaint that I paid that cheque to purchase a piece of land. Actually no such deal ever took place between us. He cheated me by using my blank cheque which was given for the registration of the pharma distribution firm. 

But due to differences that firm was never established. Yesterday I received a summons from the court that a cheque bounce case has been lodged against me. I sent instructions to the bank and stopped the payment of that cheque. Due to which the cheque was dishonoured. Please help.