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What to do if the cheque got bounced due to insufficient balance
28-Jun-2023 (In Cheque Bounce Law)
I paid 4500 to a friend in return he gave me a cheque dated 24 February 2018. I showed the cheque 3 times to the bank and it got bounced due to insufficient funds. Am I entitled to send demand draft bcoz the amount is very less and not sure if I can win this
1. You have to send demand notice through a lawyer within 30 days from the date of dishonor of cheque if he fails to reply the same within 15 days than proceed further and file complaint withing 30 days from the receipt of notice. If the merits of your case are strong you may get the desired outcome with interest.
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Adv. Kenny Thakkar
Mumbai | 25+ Answers
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Hello
Send upon him a legal notice and give 15 days time to liquidate the entire amount of cheque which was bounced and returned memo that insufficient balance.
For more details contact advocate who gives you proper knowledge.
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Adv. Sushama Mohan
Nagpur | 100+ Answers
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you can send legal demand notice of cheque dishonoured but the amount is very small that does not mean that you cannot send legal demand notice. You can send him legal demand notice and you can also file complaint against him
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Adv. Kushal Govind Kabra
Aurangabad, Maharashtra | 50+ Answers
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