Legal Question in Banking Law in India
Cheque Bounced
Someone gave me a cheque of 99k which bounced and now not willing to pay me back.Can I legally get the money and how long the process will take. Cheque was issues in favour of a MNC bank in Mumbai and reason for cheque bouncing was insufficient funds in account.
Asked on 8/09/07, 2:16 am
2 Answers from Attorneys
G. M. Gupta
gmguptaandassociates
Re: Cheque Bounced
the case does take time but if he gave money on notice or in first date in court then it will not take much time
Answered on 8/16/07, 10:42 am
Re: Cheque Bounced
You may file complaint u/s.138 N.I.Act and also recovery suit of cheque ammount.Consult a lawyer.
Answered on 8/09/07, 12:58 pm
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