For recovering money from a bounced cheque
15-Aug-2023 (In Cheque Bounce Law)
I lend 4 lakh to someone.as security he give me 2 cheque of four lakhs.ow he didn't pay back my money.ow I need legal help.how much time it will take to recover my money. And what is the fastest way to recover.
Hi ,it is advisable to file a criminal complaint under negotiable instrument act ..The offence is punishable with 1 year of imprisonment and with penalty of double the amount of bounced cheque …You can connect with me for further legal assistance..
hye
you have to lodge these cheque which are given to you from other party when the cheque was bounced then you have to give legal notice to the other party after you strt proceeding of NA ACT which are suitable for your condition and fastest way to recover money
you have to lodge these cheque which are given to you from other party when the cheque was bounced then you have to give legal notice to the other party after you strt proceeding of NA ACT which are suitable for your condition and fastest way to recover money
Hello,
Please immediately put the cheques in bank, if they get bounced you can approach the court vide cheque bounce cases which is very expedited manner of recovering your money
Please call for further clarification on the matter
Thanks
Adv Dr Preeti
Please immediately put the cheques in bank, if they get bounced you can approach the court vide cheque bounce cases which is very expedited manner of recovering your money
Please call for further clarification on the matter
Thanks
Adv Dr Preeti
you can file order 37 suit against the person who owes you money. you can also file criminal complaint under section 138 for recovery of cheque amount. it can take upto 1.5 years for your case to be decided. if you win you can also get upto twice the amount of cheque
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