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Cheques given but closed the bank account, can i be punished
10-Oct-2023 (In Cheque Bounce Law)
I gave two cheques to house owner 100000 of advance and 24000 of advance rent and we didn't sign any rent agreement and after 3 hours of giving cheques i decided not to take that house on rent and informed the owner, now he is asking for 12500 as rent otherwise he is threatening for filing FIR, he has not deposited the cheques in the bank means cheques not yet bounced, i have closed my account with the bank for which i had given cheques, please tell me what consequences i can suffer and what are my rights?
You may have to pay a certain sum as compensation for breach of contract. If a check is presented against a closed account, the bank will return it with a code that lets the presenting bank know they can't re-present it because the account is closed. That bank--your bank--then will take the funds back from you--the person who "cashed" or deposited the check, via a debit from your account. They will also issue you a notice that your account has been debited for the returned deposit so that you know you don't have access to those funds anymore. They'll probably also charge you a fee
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Adv. Siddhant Sharma
Delhi | 500+ Answers
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