Legal Question in Banking Law in India

Regarding Cheque bounce

Hi All,

I had given some money to my friend and three payments was in cash which now accounts to Rs 65000. For returing that money he has given me the cheque which has bounced due to insufficiet funds. Two times i had received the cheque and both times bounced for the same reason. Can i take any legal action against him as i don't have the receipt of giving him the money. Please advice ASAP.

Thanks


Asked on 5/28/07, 3:45 am

3 Answers from Attorneys
Vivek Mapara Mapara Law Firm

Re: Regarding Cheque bounce

Complaint under NI Act 138 will be maintainable and also suit for recovery.

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Answered on 5/29/07, 5:48 am
G. M. Gupta gmguptaandassociates

Re: Regarding Cheque bounce

yes you can file the complaint without any problem

mind the limitations of this case.

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Answered on 5/29/07, 2:37 pm

Re: Regarding Cheque bounce

you may file complaint u/s.138 N.I.Act and also recovery suit.

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Answered on 5/28/07, 12:56 pm


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