Legal Question in Banking Law in India

Sir I have purchased material from mp and for the remaining balance I have given check of total 13740.Sir I have purchased the material with warranty rates.
The supplier had given me time to think for wanting material with warranty rates or without warranty rates, so I decided to cancel the warranty rates, I told him and recorded the phone conversation.
Now if I cancel the warranty rates then total of 11150 rs will be less.
But he's telling that warranty rates cannot be cancelled now but I have the recording that he has given me the time and before the time I have cancelled the warranty rates.
But the problem is I have given him the check of full amount.
Sir I want to stop the check payment by stop check facility.
Sir what will be the consequences if I stop the check.
Waiting for your prompt reply.

Asked on 12/18/14, 9:05 am

Fca Prashant Chavan Expert Edge LLP

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0 attorneys agreed

19.12.2014

Dear Sir / Madam,

If your cheque bounces, the supplier will simply file a recovery case against you under Section 138 of the Negotiable Instruments Act.

Regards,

Answered on 12/19/14, 5:23 am

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