Legal Question in Banking Law in India
I had issued a post dated cheque to a builder for stage release. I had also received a letter from the builder stating i can stop payment the cheque if the infrastructure(Power to the building,water connection, lift) is not complete by a particular date and the builder hasn't completed the infrastructure by the committed date.
Is it legal to stop payment the post dated cheque?
Asked on 4/25/13, 9:46 pm
1 Answer from Attorneys
Fca Prashant Chavan
Expert Edge LLP
26.04.2013
Dear Sir / Madam,
Since you have a valid reason, it is perfectly legal to stop payment of a post dated cheque.
Regards,
Answered on 4/25/13, 9:48 pm
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