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What action should taken in case of cheque bounce


13-Feb-2023 (In Cheque Bounce Law)
I give money of amount 1lakh to a person. Against which he give me cheque of 1 lakh as guarantee. No the person is not responding me. What should i do? What if cheque i have bounce?
Answers (3)

Answer #1
633 votes
get the cheque dishonored and send the notice through your counsel asking to repayment of loan amount agreed between you and if he still avoids to pay the agreed amount, initiate proper proceedings before competent court
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Answer #2
750 votes
you are not disclosed about date on cheque, if date in time period then as per negotiable instruments act you have rights to give legal notice if cheque bounce in your bank and also rights to file complaint if accused not pay amount on notice.
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Answer #3
763 votes
when cheque got bounced and do you got any notice regarding it as to institute a nia 138 case sevice of notice is must and there must be a legal debt against you hope you will win on the basis of merit
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