Legal Question in Banking Law in India

Cheque bounces

I took a job portal for my consultancy with 24 pdc but due some problem I close the firm and request the to sopt the cheque to produced in bank,But on Dec the simbmitted and it ge bounced and I going closed the account very soon. Pls advice what to do and they threat me for court case.


Asked on 4/01/09, 11:29 am

4 Answers from Attorneys
Sudershan Goel India Law Offices of Sudershan Goel - Advocate

Re: Cheque bounces

The stop payment of cheque is no solution. You may consider out of court settlement of dispute amicably. The payee may be entitled to recover the cheque amount in accordance with law including launching of criminal proceedings under the Negotiable Instruments Act.

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Answered on 4/01/09, 5:57 pm
J. Radhakrishnan independent Practice

Re: Cheque bounces

Better approach them cordially and work out a compromise. Otherwise you have to face court cases. No escape route.

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Answered on 4/01/09, 11:46 pm
Homi Maratha N.N. Maratha & Co.-Advocates

Re: Cheque bounces

Hello.

GOOD MORNING!

Instructing the stop payment of the cheque is not the remedy.

I would advise you to meet them personally and show the facts and discuss it with the help of some mediator.

In case of need please contact alongwith the details.

OR

Mail me in case of futher query.

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Answered on 4/02/09, 2:01 am
Pranav Desai PD Legal & Associates

Re: Cheque bounces

I think you should write a legal notice to them and informing them the necessary fact and also refrain to deposit cheques.

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Answered on 4/02/09, 12:22 pm


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