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What should I do if the cheque given by me is about to bounce
21-Mar-2023 (In Cheque Bounce Law)
have given someone money foe investment and he had guaranted to return the amount in feb.however has not. I have a cheque from him but it will bounce. Also I have an affidavit stating the same.pls advise
Dear client,
First of all, try to convince him, negotiate with him but do remember if the cheque is drawn with date in it then it's validity is 3 months from date of its issue, so if you are closer to the limitation then don't waste the time , submit the cheque for encashment to your banker, it will bounce during presentation,get the cheque bounce memo, hire a lawyer issue a demand notice immediately and in case of failure of other side, go for filling the complaint under section 138 of NI act, you will get your money.
Thank you.
First of all, try to convince him, negotiate with him but do remember if the cheque is drawn with date in it then it's validity is 3 months from date of its issue, so if you are closer to the limitation then don't waste the time , submit the cheque for encashment to your banker, it will bounce during presentation,get the cheque bounce memo, hire a lawyer issue a demand notice immediately and in case of failure of other side, go for filling the complaint under section 138 of NI act, you will get your money.
Thank you.
Helpful?
40+
40+
Adv. Sushit Kailash Soni
Nagpur | 25+ Answers
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before checking an affidavit cant suggest you anything. but still you have an option for recovery
Best Regards,
Adv. Jyoti Kolhe
Best Regards,
Adv. Jyoti Kolhe
Helpful?
27+
27+
U may deposit the cheque & let the cheque get bounce..
Once the cheque is bounced, you can send him a legal notice demanding the said amount by giving him 15 days time to repay the same...
If not paid by the other person, then u can file a suit u/s 138 of Negotiable Instrument Act.
Once the cheque is bounced, you can send him a legal notice demanding the said amount by giving him 15 days time to repay the same...
If not paid by the other person, then u can file a suit u/s 138 of Negotiable Instrument Act.
Helpful?
25+
25+
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