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Hire Company closer chq bounce
01-Sep-2023 (In Banking / Finance Law)
Hire had bounce company closer chq due to insufficient fund and company did not inform customers and customers also not take a follow up with chq bounce and cleaed two emi and last two emi bounce now he said I am going to legal action of company can he going legal or company take legal action him
company can take legal action as recovery but not cheque bounce since 45 day period has lapsed however company can re-deposit the cheque and if it bounces again, can issue notice and thereafter issue complaint. Who is the 'Hire'?
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Adv. Jash J. Dalia
Mumbai | 100+ Answers
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