Legal Question in Banking Law in India
when i not pay cash and give the post dated cheque is it valid or not
Asked on 4/04/14, 12:55 am
1 Answer from Attorneys
Fca Prashant Chavan
Expert Edge LLP
04.04.2014
Dear Sir / Madam,
If the payment was in settlement of some dues owed by you to the opposite party and the due date has passed, your giving a post dated cheque in settlement thereof is invalid. Whereas if the settlement of dues is at a future date, in common parlance, a post dated cheque in settlement thereof to the opposite party is valid.
Regards,
Answered on 4/04/14, 5:25 am
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