Legal Question in Banking Law in India

Dear sir,

I had given Rs 30000/- to one of my friend in Oct'2010, he has given a promissory note and a cheque for an amount of Rs31000/- with out writing the date on it. Is there any chance to put stop cheque payment for this cheque by him. If so Shall I present the cheque. Does it dishonors if insufficient funds exists?


Asked on 10/27/16, 4:20 am

1 Answer from Attorneys
Fca Prashant Chavan Expert Edge LLP

27.10.2016

Dear Sir / Madam,

Yes, you can insert the date on the cheque and deposit it in your Bank. Yes, the cheque will be dishonoured in case of insufficient funds in the drawer's A/c.

Regards,

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Answered on 10/27/16, 4:43 am


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