How to pay back cheque bounce amount
07-Mar-2023 (In Cheque Bounce Law)
Party has issued me a notice under sec 138 of negotiable instruments act asking me to pay the dishounered cheque amount within 15 days, I want to pay it off, Shall i send a crossed DD or is NEFT also ok alongside a covering note. Also What happens to the cheque. And how do i calculate 15 days. Kindly let me know.
Adv prasad patil
Pune
15 days would be calculated from date of receipt of the notice. If you are willing to pay exchange DD against original cheque and also obtain in writing that payment is being made against full and final settlement and no further claim would be made in respect this of cheque.
Get legal details about cheque bounce charges along with a list of dos and don'ts in case of bounced cheques
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