Legal Question in Banking Law in India

How much & what bases one can charge Penalty of Cheque bouncing.

we issued a cheque of 7000 to some ltd. company but due to some unavoidable circumstances he could not honour the cheque, but paid him immediately full amount by cash upon knowing about the same & setteled their payment. But in addition to the same the Ltd. Company has issued a bill of Rs.4500/- towards penalty on cheque bouncing charges.

Is this justified ?

Can we file a case in consumer court for the same ?

Please advise.


Asked on 3/20/13, 11:10 pm

5 Answers from Attorneys
uttam Tibrewal

dear client...

you need to issue a legal notice and then file a complain case for the detail mail me at [email protected]

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Answered on 3/20/13, 11:13 pm
Setu Niket Curare Legal

yes you can.

Kind Regards

Setu Niket

Advocate

9873109672

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Answered on 3/20/13, 11:24 pm
J. Radhakrishnan independent Practice

You can file a consumer action

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Answered on 3/21/13, 12:17 am
Fca Prashant Chavan Expert Edge LLP

21.03.2013

Dear Sir / Madam,

The penalty for cheque bouncing charges levied by the bank is less than Rs. 500/- You may offer to pay off the charges levied by the bank to the person to whom you issued the cheque and close the matter.

Regards,

FCA Prashant Chavan

Mumbai

(You can also mail me for any further on-line advice at [email protected])

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Answered on 3/21/13, 6:37 am


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