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I Have A Older Cheque And With The Higher Amount. What To Do?
07-Oct-2023 (In Cheque Bounce Law)
My ex- colleague asked for monetary help of 410000rs which I did by taking a personal loan in 2018 and we agreed that he will pay the emi every month and he gave a cheque of 410000 to me as a security. Now he is now paying the emi from February 2020 till date. After so many reminders, he still not paid the amount. Now I want to post a cheque but the issue is the cheque is 2years old and for the amount of 410000. What can I do? One more thing there is no date mentioned on the cheque. By saying old I meant it is outdated. The format of the cheques is changed.
I would advise you to issue a legal notice through a lawyer and demand your money back with interest by giving a 15 days time failing which a Suit for recovery be filed since the cheque is old and issued as a security
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Adv. Anubhav Kathuria
Delhi | 1000+ Answers
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Dosent matter. If the cheque is undated you can get the benefits out of it. file the cheque with the assistance of the lawyer and in case the cheque is dishonoured, legal proceedings will be initiated against the person. Apart from this, there are other legal remedies which you can take help. Lawyer assistance is highly recommended.
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Adv. Yuganshu Sharma
Delhi | 700+ Answers
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Dear sir, you can present the cheque for clearing once the cheque gets bounced issue a notice under section 138 and once 30 days gets over and if he still doesn't pay then file 138 complaint thereafter in the court
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Adv. Mohit Nandwani
Delhi | 25+ Answers
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