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How to recover money if the Cheque time is over ?
04-Jan-2023 (In Cheque Bounce Law)
I already deposit a cheque twice in bank in bankers they reply insufficient funds so now the cheque time is over how I can get back my money through legally
After the cheque is bounced you are bound to send the concerned person a legal notice for initiating proceedings under section 138 of Negotiable Instruments Act.
If within 15 days the payment is not made you can register a complaint under section 138 of NI act which is a criminal proceeding. This needs to be filed within 30 days of the completion of 15 days of the notice delivery date.
Alongwith that you can file a recovery suit / summary suit in the concerned civil court simultaneously.
If within 15 days the payment is not made you can register a complaint under section 138 of NI act which is a criminal proceeding. This needs to be filed within 30 days of the completion of 15 days of the notice delivery date.
Alongwith that you can file a recovery suit / summary suit in the concerned civil court simultaneously.
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Adv. Siddhant Sharma
Delhi | 500+ Answers
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The life of the cheque issued is 3 months, after presenting the cheque, if it is returned dishonourned then issue a legal notice under secion 138 of Negotiable Instrument Act, if the life of cheque is completed then you can file a civil case basing on the cheque. First you give legal notice to the one who gave you cheque.
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Adv. G Geetha Rani
Hyderabad | 25+ Answers
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