Legal Question in Banking Law in India
Needs details on 'what happens, when I present a post dated cheque (on date mentioned on cheque) to bank, where as cheque issuer closed his/her account before that date' ?
Asked on 5/03/10, 10:43 pm
2 Answers from Attorneys
RAJIV GUPTA
(Cell: +91 9811284735) [email protected]
even if the account is closed, the liability remains and the complaint can be filed and recovery can be initiated.
Answered on 5/03/10, 10:56 pm
J. Radhakrishnan
independent Practice
give notice within the time stipulated, i.e. within 30 days of the return of the cheque demanding the drawer to pay the amount within 15 days of receipt of tthe said notice. If no proper response is there, file a complaint under Sec.138 of the Negotiable Instruents Act in the Mertopolitan/chief judicial Magistrate court against the drawer within one month thereof. Pl. take the assistance of a local lawyer for the said proceedings.
Answered on 5/04/10, 3:59 am
Related Questions & Answers
-
Sir, my friend borrowed the money from me by giving the postdated cheque, but till... Asked 5/03/10, 1:43 am in India Banking Law
-
I took a loan of Rs. 5 lakhs on march 2004. I purchase a truck (Eicher Canter 10.95)... Asked 5/02/10, 4:33 am in India Banking Law
-
For e or s deposit when both are alive whether both are come to the bank and signed... Asked 4/30/10, 8:27 pm in India Banking Law
-
In personal loan default can police call and ask for recoverry Asked 4/28/10, 10:44 pm in India Banking Law
-
When a cheque is returned by a bank stating "refere to drawer" should it... Asked 4/28/10, 9:23 am in India Banking Law
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
