Builder company gave cheque which bounced due to insufficient funds.
16-Oct-2023 (In Property Law)
3 years back we have booked a 2bhk flat with builders in bangalore paying more than 50% of the total cost with in 1 month of booking The company execute an agreement for 18 months construction period. even after 24 months they could not start due to some litigation. we cancelled the booking they issued the cheques with notional interest post dated four months back cheques deposited in bank have bounced due to insufficient funds what is to be done as the company representatives are not responsive. Please advise.
Only after the NBW is issued against them will they come forward and make the payment to you.
legal notice has to be sent with in 30 days from the date of last dishonor. (total three times, cheque can be presented with in its validity period.)
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