Gave money to friend returned cheque which bounced what can i do now
25-Aug-2023 (In Cheque Bounce Law)
I have given a guy 1 lakh rupee cheque as a loan and he in return gave me 1 lakh rupee PDC which bounced. What can i do in this situation to recover the amount?
In this matter we have to send a legal demand notice for demanding the cheque amount within certain limitation period and if opposite party fail to repair our amount then we have to taken legal action against him and we have to file a case of cheque bounce
Helpful?
12+
We have to send him a legal notice within 15 days from the date when the Cheque was bounced. Then he after the receipt of legal notice will get 30 days to return the amount and then aslo he is unable to pay then within 15 days will file a private complaint before the court
Helpful?
25+
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