Invested 10 lac in a company gave cheque which got bounced

I had invested Rs 10L in a construction company in Chandigarh, Punjab in march 2016. The company has issued PDC for monthly interest and principal amount. The interest cheques started bouncing from Sep17. The company sent a letter not to present the cheques as it is facing finacial problems and issues will be resolved and payment will be made by June18. The principal cheque is to be presented on 31st Mar18. Now should I present the cheque allow it to bounce and file a cheque bounce case OR to wait upto June18 as intimated by the company. If a case is to be filed what would be the expences and best a lawers in Bengaluru for such case,

Answers (1)

109 votes

Please note that there are specific timelines to be followed for a cheque bounce case. As you must be aware a cheque is valid for 90 days from the date mentioned on it and after that it becomes invalid/stale. Once a cheque is dishonoured a legal notice is to be issued within 30 days of dishonour and the other side is given 15 days from receipt of notice to make payment. Should the payment not come through in the 15 days, you get 30 days from the 16th day to file the case. It would be advisable to start depositing the cheques rather than waiting till June since there is no guarantee of the company's financial position. Further, the jurisdiction of the court would depend on where the cheque the cheque is deposited.

Googling your legal issue online?

The internet is not a lawyer and neither are you.
Talk to a real lawyer about your legal issue.

Popular Cheque Bounce Lawyers

Advocate Sunil Kumar Bakshi
Sector-16, Faridabad
32 years Experience
Advocate Saifuddin Saifee
Maharani Road, Indore
18 years Experience
Advocate J. P. Rinwa
Swej Farm, Sodala, Jaipur
18 years Experience
Advocate Shikhar Khare
Jangpura Extension, Delhi
6 years Experience

Disclaimer: The above query and its response is NOT a legal opinion in any way whatsoever as this is based on the information shared by the person posting the query at and has been responded by one of the Cheque Bounce Lawyers at to address the specific facts and details. You may post your specific query based on your facts and details to get a response from one of the Lawyers at or contact a Lawyer of your choice to address your query in detail.

Related Articles

" has handpicked some of the best Legal Experts in the country to help you get practical Legal Advice & help."

Similar questions

I took 3 lakhs from my friend "A" an year back. after 2 months, he came to my home with his friend "B" and they both took 3 check …

Read More

A company was registered with me and my boss name as directors. He was taking care of everything and I wasn't involved in day to day transactions.…

Read More

This is regarding cheque bounce of amount 9000 dated 16/03/2017, and the concerned person is not picking my call, kindly advice the legal action that …

Read More

In cheque bounce case... If convicted for 1 year with penalty... Kindly share how to eliminate the 1 year period. Judgement given by lower court.…

Read More