my cheque bounced due to fund availability
20-Feb-2023 (In Cheque Bounce Law)
my cheque is bounced and i got massage from bank. If the cheque payee is sending notice and i have not received then what may be problems and solution as per your knowledge.
waiting for your reply
Thanks
Dear client,
If cheque is bounced and notice send has not received and your address is not fake , then you may be liable as taken.
if your address has not been found , post remarks is 'not found , not traceable ,then you may escape this liability, But if any how your address is traced then you .ay be liable for doing fraud ,cheating.
You may contact for paid tele advice
Query perused. If your cheque has got dishonoured and now the payee is sending the mandatory notice under section 138 Negotioable instruments Act you should either pay or rebut the notice by an appropriate reply through your lawyer. For further consultancy and legal services you may contact us.
Hi,
A cheque issued to a payee means you have a legal liability which has to be discharged as per the agreement (not necessarily a written one) between yourself and the payee.
If there was no sufficient balance in your account on the date the cheque was presented for payment, then the payee can send you a legal upon receipt of the bank memo about the dishonor of the said cheque, followed by the prescribed time limitation for the payee to follow for legal remedies against you.
If the payee fails to act upon on a timely manner you may have a relief else he/she can file a case U/S 138 of the NI Act and also seek interim compensation upto 20% of the cheque amount U/S 143 of the Act.
Contact for further discussion and legal remedies.
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 lawrato.com and has been responded by one of the Divorce Lawyers at lawrato.com to address the specific facts and details.
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