Legal Question in Banking Law in India
I deposited a HSBC business vantage cheque which was returned back to my bank due to insufficient funds in the HSBC account. I want to take legal action against the account holder and the bank to issue these kind of cheques to people who dont have necessary funds in their accounts.
Asked on 10/05/09, 2:36 am
3 Answers from Attorneys
u can issue notice to the HSBC within one month and then with 15 days file a case of 138 and other proceedings also.
Regards
Answered on 10/05/09, 2:41 am
Sudershan Goel
India Law Offices of Sudershan Goel - Advocate
No legal action may be maintainable against the Bank. However, you may pursue your remedy against the cheque drawer.
Answered on 10/05/09, 1:23 pm
Seshadri Srinivasan
www.lawconcern.com
If Vantage cheque is not a banker cheque, you can proceed against the issuer only.
Answered on 10/06/09, 2:06 am
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