Consequences of Stop payment of cheque
31-Aug-2023 (In Cheque Bounce Law)
I was going to purchase a business and I paid 2,00,000 through cheque. Later in next 24hrs I came to know that shop will be demolished in upcoming metro project. I made Stop payment of cheque and refused to purchase of the business. In this particular case where seller tried to hide some fact or he is unaware of the fact and I made Stop payment of cheque.
Good u have done a good work but u should have 200000 cash in ur account and u have to issue legal notice to him stating why u have stopped the cheque and its reason so that if he go ro court. U will be safe gaurded.
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