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Procedures related to cheque bounce case, please advise
27-Jan-2023 (In Cheque Bounce Law)
Dear Team, we gave a hand loan of 1 lac rupees to a friend and he has issued us a cheque against it. He also gave us a letter stating that he has taken 1 lac from us and so and so cheque number was issued as a security towards it. Now he is not paying the money back and not responding properly. Can we put the cheque in bank and go ahead for cheque bounce case now. Will the hand written letter given by him support out case? How many days would it take for the entire case. Thanking all in advance.
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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