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I have a minor query on Cheque bounce case. Requesting answers,
06-May-2023 (In Cheque Bounce Law)
what if you have stopped payment cheque does it eligible for cheque bounce case.
Dear Client,
Stop payment amounts to dishonour of cheque, and it amounts to commitment of an offence under Section : 138 of the Negotiable Instruments Act and you can proceed to file a criminal case under the dishonoured cheque which dishonoured for stop payment cause also.
Stop payment amounts to dishonour of cheque, and it amounts to commitment of an offence under Section : 138 of the Negotiable Instruments Act and you can proceed to file a criminal case under the dishonoured cheque which dishonoured for stop payment cause also.
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Adv. Sistla Rama Krishna
Vijayawada | 400+ Answers
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Hello,
Whatever might be the reason for dishonor of a cheque by a bank whether it might be "Stop Payment" instruction by the drawer of the cheque or any other reason, offence under Section 138 NI Act is made out and the drawee can initiate proceedings against the drawer of the cheque after duly serving the drawer a demand notice for payment of the cheque amount and upon failure of the drawer to pay the cheque amount within the mandatory period.
Whatever might be the reason for dishonor of a cheque by a bank whether it might be "Stop Payment" instruction by the drawer of the cheque or any other reason, offence under Section 138 NI Act is made out and the drawee can initiate proceedings against the drawer of the cheque after duly serving the drawer a demand notice for payment of the cheque amount and upon failure of the drawer to pay the cheque amount within the mandatory period.
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Adv. B. Srikiran
Hyderabad | 500+ Answers
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