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Cheque bounced due to stop payment, what can be done?
20-Mar-2023 (In Cheque Bounce Law)
A Cheque was bounced due to Stop Payment order issued by the drawer.What can be done by me to recover the amount from him.
You can initiate legal action against the party under sec 138 of NI Act. Stop payment reason also be liable under 138 NI Act. Notice to be given within 30 days from the date of return of the cheque. So pls proceed if want contact me.
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Adv. K. Venkatesan
Chennai | 100+ Answers
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Hello,
If he sent a atop message to the bank without informing you then you can send a legal notice to him. You have provisions available in negotiable instrument act. You have to follow the hierarchy.
If he sent a atop message to the bank without informing you then you can send a legal notice to him. You have provisions available in negotiable instrument act. You have to follow the hierarchy.
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Adv. B. Sivasubramanian
Chennai | 200+ Answers
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Even if the cheque was bounced due to payment stopped by drawer, you can file a case for dishonour of cheque in a criminal court. But 1st you must issue a Legal Notice and if the party does not pay then you can file the criminal case. Kindly contact me for further assistance in issuing the notice and filing the case.
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Adv. Suchit Palande
Chennai | 200+ Answers
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Send 138 statutory notice, if he doesn't pay back, file 138 in Complainant in Jurisdictional court....
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Adv. TNC Kaushik
Chennai | 25+ Answers
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