Legal Question in Banking Law in India
kisi ne check diya bounce ho gaya kya karu
Asked on 6/04/15, 8:10 am
1 Answer from Attorneys
Fca Prashant Chavan
Expert Edge LLP
04.06.2015
Dear Sir / Madam,
You should issue a notice to the party that issued you the cheque to immediately pay you and settle the amount of the cheque, else you should file a recovery suit under Section 138 of the Negotiable Instruments Act, 1938 within one month of the date of cheque bounce intimation sent to you by your Bank.
Regards,
Answered on 6/04/15, 8:30 am
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