cheque bounced because of insufficient balance
Sir / Madam, A cheque issued to me (Amount is in a few tens of thousands) was returned back by the Payers Bank stating Insufficient Funds. I waited for a few days and deposited again however it again returned back for the same reason. Is this an offence done by the issuer and if yes, what actions are possible under the legal system. What legal rights does the Payee (i.e. myself here) have in such a case.
Yes, you all the rights to get your money and also he can be punished for criminal offence. You must serve him a legal notice through a lawyer within 30 days of date of bouncing of the cheque giving 15 days to drawer to pay the amount,if he fail to pay within 15 days then you must have to file criminal complaint within 30 days thereafter under section 138 of N.I.Act.
- Disclaimer: The above query and its response is NOT a legal opinion in any way whatsoever as this is based on the information shared by the person posting the query at LawRato.com and has been responded by one of the Cheque Bounce Lawyers at LawRato.com to address the specific facts and details. You may post your specific query based on your facts and details to get a response from one of the Lawyers at LawRato.com or book a Detailed Consultation with a Lawyer of your choice to address your query in detail.
Get Started >>
Answers by Our Lawyers
- Brother not sharing the rent obtaining from property, please advise
- How to file a case against a online shopping site
- Sister not vacating property what can I do
- Wife got access to mobile and took screenshot of objectionable chat
- Some people are following me & tried killing me police not filing FIR