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how to recover a cheque if the payee is not willing to honor.
11-Apr-2023 (In Cheque Bounce Law)
I have a cheque dt 22-03-2019 for Rs 37.5 lakhs given by a Bangalore based company towards a settlement . i have already informed him that i am going to deposit the cheque at Hyderbad on 16-04-2019 and to keep sufficient amount. In case the if he does't keep sufficient amount to honor the cheque. please let me know what i should do or what should not do.
hello client hello client first you have to send a notice stating that the cheque given by you has been bounds for whatever the reason is then if he does not reply file a case against him for cheque bounce
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Adv. Akshay Gupta
Hyderabad | 200+ Answers
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Hello Vijay Kumar... if not honoured re-submit it... if still not honoured... send a legal notice within a month of bank's note of dis-honour by giving 15days notice period. If he is not responded or denied through a reply notice... file a private complaint before the magistrate under 138 NI Act.
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Adv. Parimala Parigi
Hyderabad | 25+ Answers
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