Legal Question in Banking Law in
i had a deposit cheque in my account but it is bounce. if i take legal action than how long time will take for recover the money
Asked on 8/22/10, 12:13 am
2 Answers from Attorneys
Vishwa Arya
Arya & Co.
that depends upon the quantum of work load before the court of magistrate of your area
Answered on 8/22/10, 5:46 am
RAJIV GUPTA
(Cell: +91 9811284735) [email protected]
you need to send a legal notice first, within a period of one month of bouncing of cheque and only after that you are entitled to file a complaint under negotiable instruments act. the time varies from state to state and court to court.
Answered on 8/22/10, 11:34 pm
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