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Cheque bounce non payment of salary dues no loan repayment what to do
05-Sep-2023 (In Recovery Law)
My previous employer has not paid my 2 months salary. In 2016, he took Rs 2 lacs as loan from me and not repaying it. Also not cleared my dues after I resigned from the company. The cheques he gave for loan repayment and salary credit have bounced. How should I recover my money. Kindly guide.
In case of a cheque bounce case the payee has to sent the notice to the drawer within 30 days from the date of receiving “Cheque Return Memo” from the bank. The notice should mention that the cheque amount has to be paid to the payee within 15 days from the date of receipt of the notice by the drawer. If the cheque issuer fails to make a fresh payment within 30 days of receiving the notice, the payee has the right to file a criminal complaint under Section 138 of the Negotiable Instruments Act.
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Adv. Siddhant Sharma
Delhi | 500+ Answers
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