182+ Lawyers are online 
Who will be the owner of bounced cheque after payment through NEFT
19-Apr-2023 (In Cheque Bounce Law)
A few of cheques issued by me to my business supplier got bounced on a few occasions. On each incident I immediately paid the amount through NEFT even without having any information from supplier’s side. As on 31st march 2017 my account outstanding with the supplier is zero. After payment I asked my suppliers to return Cheques and Return memo to analyse the mistakes, each time they assured to return the same but now in verbal they refused to return the required papers. Further they lost one of my unused instrument and they are not ready to provide any details about the same in writing. Please guide in first case legally who is the owner of a dishonoured instrument if the payment made through NEFT without any delay. Second what to do to take my unused instrument from my suppliers.
You will have to ask your bank to cancel the cheques issued by you by immediate effect. After doing the same, the cheques will be cancelled by your bank and thereafter they will not hold any value in the eyes of law. However, you can also send a legal notice to the opposite party for returning the said cheques.
Helpful?
37+
37+
Adv. Siddhant Sharma
Delhi | 500+ Answers
Chat
Disclaimer: The above query and its response is NOT a legal opinion in any way whatsoever as this is based on the information shared by the person posting the query at lawrato.com and has been responded by one of the Divorce Lawyers at lawrato.com to address the specific facts and details.
Connect with top Cheque Bounce lawyers for your specific legal issue
No Comments! Be the first one to comment.
"lawrato.com has handpicked some of the best Legal Experts in the country to help you get practical Legal Advice & help."
