Cheque bounce and partnership disputes in retail shop business
05-Nov-2023 (In Cheque Bounce Law)
Dear Sir , we gave loan and kept cheques and promissory note . Now cheque got bounced , can we lock his shop and file cheque bounce case ?
yes you can file a cheque bounce case under Negotiable instruments Act and there is a statutory time period to be followed and before you have to issue a legal notice of demand to defaulter. and also promisory note will support your case.
sir , you cant lock the shop, but you can file cheque bounce case against him . but first of all you ask him to give money , after if he does not gave money ,then you file a case against him.. if you any questions feel free to ask me bye. M V RAMAKRISHNA ( ADVOCATE ).
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