Legal action against Check bounced due to insufficient funds.
03-Jan-2023 (In Cheque Bounce Law)
You gave posed right question. It is not worth in financial terms because you need minimum 3 years if he goes on appeal and it is three tier system. At the most you may get only 2.5L at the end if everything went in your favor. But such proceedings may teach him a lesson.
Secondly if you wish interst and advocate fees then you must file parallel civil case.
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Sreedharen
Previous company issued legal notice for cheque bounce after 3 years But I issued stop payment when I left that company.
Reply by LawRato
The limitation period for issuing legal notice is 30 days from the date of dishonor of the cheque. Therefore, the action is likely to be barred by limitation. However, it makes no difference whether the cheque was dishonored due to insufficiency of funds or stop payment instructions. It is recommended to seek the opinion of a lawyer, with complete facts pertaining to your case.
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