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Deposit of 20 percent of cheque amount
17-Dec-2023 (In Cheque Bounce Law)
The complaint filed a cheque bounce complaint in civil court, Bangalore. My lawyer asked me deposit 20 percent of amount. The cheque amt is 400000 so i have deposit 80000?. May I know why should I pay 80000 and to whom I need to pay, format to pay and how can i get back that money when I win my case.
Please let me know.
Dear Sir,
Now, as per Section 143A of Negotiable Instrument Act. The court may ask you to deposit upto 20% of cheque amount. The said amount is to be deposited directly into the Court. The Complainant may withdraw the same by giving indemnity bond. You will be given 60 days time to deposit such amount. Further, most of the Courts directing to deposit only 10% of the cheque amount.
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Adv. Kishan Dutt Kalaskar
Bangalore / Bengaluru | 1000+ Answers
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Are you the complainant or accused?
There is no requirement for you to pay any amount of you are the complainant.
If you are the accused, was there any order from the court that you have to pay? If not, there’s no requirement of you to pay any sum.
Please give more details to advice.
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Adv. Priyanka Y
Bangalore / Bengaluru | 100+ Answers
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