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Check bounce notice and case filling related
25-Feb-2023 (In Cheque Bounce Law)
I had sold out my CAR to individual 1 year before, however RS-97500 payment is still pending. He already given blank cheque for security purpose however this information not mentioned in our sales Aggrement(registered notorized). even after several followup he is not ready to pay remaining payment so i updated amount and name on cheque and same has been deposited into bank but due to insufficent balance it got bounced twice.
Car ownership is still on my name so i told him to pay the remaining amount then i can transfer it on his name.
Kindly advice whether we i can get my money by sending him legal notice under 138 clause or filling case.
Or any other way to get my money.
Dishonor of cheque or cheque bounce occurs when a cheque that is presented in the bank is returned unpaid. It could occur due to insufficient funds in the bank account of the person who issued the cheque or if the signatures on the cheque do not match with the original signature of that person. You can proceed against the person who has issued such a cheque under various provisions of law. The most important and useful provision to consider is Section 138 of The Negotiable Instruments Act. I will help you
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Adv. Veena Bane
Mumbai | 50+ Answers
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