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Cheque bounced due to the reason of bank merging together
12-Jan-2023 (In Cheque Bounce Law)
In one case cheque is bounced the due to the reason that the bank merged with another bank. Can a case be filed under Negotiable Instruments act in this case?
In case you are the complainant than you can issue a legal notice demanding the amount of money in cash before filing a case for dishonour of cheque u/s 138 of Negotiable Instruments Act. In case you are the accused/ respondent than you can offer complainant to pay the amount by cash or demand draft to avoid further litigation.
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Adv. Aniruddha Prabhatkumar Pawse
Thane | 100+ Answers
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A case under section 138 NI may be filed following the mandatory provisions of statutory notice and filing the complaint within the period of limitation as laid down under the Act. If you are the aggrieved party, do take the necessary action immediately through a lawyer. If you are the drawer of the cheque, you may settle the issue by making good the payment due under the liability.
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Adv. Beena Menon
Thane | 25+ Answers
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