Legal Question in Banking Law in
i have issued a cheque of Rs 1,00,000 to a builder, but now i came to know that the builder is demanding more money than market value.
Now i want to stop cheque paymant, is it legal. also what reason i should tell my bank.
Asked on 1/11/11, 7:15 am
1 Answer from Attorneys
Vishwa Arya
Arya & Co.
stop payment instruction to the bank. write to the builder that you are not interested in the transaction. But you must not have already signed the contract.
Answered on 1/11/11, 7:47 am
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