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can i deposit an undated cheque to dishonour the cheque
28-Oct-2023 (In Cheque Bounce Law)
Money loaned in cash(more than 10 lakh in division) to help someone close relative. Now it's been 2 1/2yrs, just promising n fooling delaying repayment, who has issued undated cheque. Now i m considering to deposit the given which wud ultimately bounce n then file criminal complaint after sending legal notice should he fail to settle the payment during legal notice. Seeking advice what should be done to recover money.Will the case would be in my favour once the case is file in court ?
It is suggested that you deposit the cheque and when it gets bounced, you send a legal notice to the concerned person.
If money is not returned within fifteen days then you file a case under 138 of the Negotiable Instrument Act.
That is a recourse for quick recovery of the money. Otherwise you can file a simple recovery suit to get your money back, but that is a lenghty process.
Adv. Siddhant Sharma
Delhi | 200+ Answers
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