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

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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.

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Answered on 8/09/07, 12:58 pm


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