Legal Question in Banking Law in India
I have given a cheque to the customer. But it returned due to alteration in date. I have made payment to customer through online banking again. Is there any penalty or consiquenses fo the returned cheque?
Asked on 10/11/15, 11:06 pm
1 Answer from Attorneys
Fca Prashant Chavan
Expert Edge LLP
12.10.2015
Dear Sir / Madam,
If you have received the instrument back and if the customer has not lodged a recovery suit against you under Section 138 of the Negotiable Instruments Act, 1938 for cheque dishonour, you do not remain liable for any consequences nor penalty for the returned cheque.
Regards,
Answered on 10/12/15, 3:14 am
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