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Query on Selection 138 related to Cheque Bounce
27-Nov-2023 (In Cheque Bounce Law)
Hi I have given friendly loan to a friend due to his medical urgency one year back for Rs 2 Lacs . He is now not returning the money . I only have one 2 lac cheque and one promissory note and reciept signed by him . Can I file case against him once cheque is bounced .
In case of a cheque bounce case the payee has to sent the notice to the drawer within 30 days from the date of receiving “Cheque Return Memo” from the bank. The notice should mention that the cheque amount has to be paid to the payee within 15 days from the date of receipt of the notice by the drawer. If the cheque issuer fails to make a fresh payment within 30 days of receiving the notice, the payee has the right to file a criminal complaint under Section 138 of the Negotiable Instruments Act.
Helpful?
31+
31+
Adv. Siddhant Sharma
Delhi | 500+ Answers
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You sent legal notice buy advocate for give your money and within 30 days before cheque return date. and after 15 days file case Negotiable Instrument Act Section 138 time limit 30 days. and then court isuing summons .
Helpful?
40+
40+
Adv. Atul C Faldu
Rajkot | 100+ Answers
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